Turk Telecom has been excluded from the tender purchase of 78% stake in Kyrgyztelecom. This descision came out after the telco’s failure to a pay thr required security deposit within the deadline. Russia’s Rostelecom and Germany’s Axos Capital have also been excluded.
Wireless Federation » archive for 'Kyrgyztelecom'
Turk Telecom, Rostelecom and Axos Capital excluded from Kyrgyztelecom tender (Kyrgyzstan)
- September 4th, 2008
- 12:03 pm
Turk Telekom to bid for 78% stake in Kyrgyztelecom (Turkey)
- August 22nd, 2008
- 12:18 pm
Turk Telekom has announced it’s bidding in a tender to buy a 78% stake in Kyrgyztelecom after the completion of technical studies on the tender.
It was last month that Kyrgyzstan had planned to sell $45 million worth of stake.
According to Turk Telekom Chief Executive Paul Doany, “Turk Telekom completed technical studies yesterday for the Kyrgyz telecom tender, and it will bid”.
Turk Telecom could bid for Kyrgyztelecom
- July 18th, 2008
- 8:18 am
Turk 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%.
