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Wireless Federation » archive for 'Turk Telecom'

Turk Telecom, Rostelecom and Axos Capital excluded from Kyrgyztelecom tender (Kyrgyzstan)

  • September 4th, 2008
  • 12:03 pm

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.

   

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%.

Saudi Telecom buys 35% of Oger Telecom for USD 2.6 billion (Saudi Arabia)

  • January 21st, 2008
  • 1:51 pm

Saudi Telecom Co has agreed to acquire a 35 percent stake in Oger Telecom for USD 2.6 billion. Oger, which is controlled by Lebanon’s Hariri family, had been in talks to sell a stake to Vivendi, but the negotiations ended late last year without a deal. For the Saudi operator, the deal builds on its recent expansion abroad, which also includes a stake in Malaysia’s Maxis. Oger Telecom controls the mobile operators Cell C in South Africa and Zapp in Romania, as well as Turk Telecom and other fixed-line activities in the Middle East.

   

Turk Telecom unveils network upgrade plans (Turkey)

  • July 12th, 2007
  • 10:06 am

Turk Telekom has unveiled plans for rolling out an IP network and expanding its coverage footprint. The national operator will invest USD 3.4 billion in the plans over the next three years,  from a presentation on the Transformation TT-NGN Program and the Rural Transformation Project. The company aims to increase network capacity by 1,000 times by installing fibre-optic lines. It has divided the country into 26 regions for the project, with 17 companies hired to work on the contract. The second project, which focuses on rural transformation, aims to provide broadband access for 4.3 million people living in the rural areas of Turkey. The project is forecast to cost TRY 240 million and make available services such as DSL, VoIP and IPTV. It should be completed by November 2008.

   

Turk Telecom plans to invest in Romania, Bulgaria

  • January 8th, 2007
  • 10:27 am

Zaman writes…Turk Telecom, Turkey’s only fixed-line telecommunications provider, is planning to acquire mobile and fixed telephone operators in Romania and Bulgaria.

According to Ziarul Financiar, a Romanian financial news site, officials from the Turkish operator say that the aim of the possible acquisitions is to raise the company’s market value company before the midpoint of this year.

“We are examining fixed and mobile telephone business in Central and Eastern Europe, especially in Romania and Bulgaria, as well as in Central Asia,” stated Paul Doany, CEO of Turk Telecom.

Saudi Arabian Oger Telecom bought a 55% stake in Turk Telecom for US$6.55 billion, the biggest privatization deal in Turkey to date.

The remaining 45 percent, owned by the Turkish Treasury, will be listed on the Stock Exchange. Turk Telecom has over 20 million subscribers.