Turk Telecom could bid for KyrgyztelecomTurk Telecom, Turkish fixed line operator said that it is considering participation in a tender for the block sale of the national telecom operator of Kyrgystan, Kyrgyztelecom, as reported by Ihlas News Agency (IHA).
In June 2008, the Kyrgyzstan government said it was planning to sell a 78% stake of Kyrgyztelecom for a minimum amount of $45 million. In 2004, Germany’s Detecon won a tender for the stake with a bid of $16.2 million. Kyrgyzstan’s parliament subsequently canceled the deal, saying the price was too low.
Please note here that in 2005, Dubai-based Oger Telecom purchased a 55% stake of Turk Telekom for $6.55 billion in a privatization tender. In May, the government listed a further 15% stake in Turk Telekom on the Istanbul Stock Exchange, cutting its stake to 30%.
