Turkey says no process started for privatisation of Turk Telecom

On 07.04.09, In Mobile, By Editor

www.WirelessFederation.com/news: Turkey’s privatisation body said that it has not started the process of selling a second tranche of state-owned shares in Turk Telekom. Turkey’s Privatisation Administration was reportedly planning to sell a 15 percent stake in Turk Telecom, which is also active in the internet service provider and mobile sectors, by the first quarter of next year.

“No process has been recently started for the privatisation of any shares in Turk Telekom owned by the Treasury,” the administration further said.
Selection of an investment bank to advise on the process was expected to take place by September, media reports.

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Turkcell files 2 court cases against BTK

On 06.11.09, In Mobile, By Editor

www.WirelessFederation.com/news: Turkcell, the Turkey’s leading mobile operator, has reportedly filed two court cases against the Turkish regulator, Information and Communication Technologies Authority (BTK), following its decision on call termination charges. BTK had reduced the fee by 30% for mobile operators with effect from 1 May, after Turkey’s fixed-line operator Turk Telekom in April took legal action against Turkcell, alleging that Turkcell is charging Turk Telekom higher call termination fees than it charges its own subscribers. Turkcell said it opened the case for the cancellation of the decision.

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Turk Telecom posts a drop of 31.2% in net profit (Turkey)

On 02.23.09, In Mobile, By Editor

Turk Telecom posted 2008 results wherein the net profit dropped 31.2% in 2008 to TRY1.75 billion (USD1.04 billion) in comparison to TRY2.55 billion a year earlier. Revenue grew to 8% year-on-year to TRY10.2 billion for 2008, attributed to 24% growth in wireless revenues and 36% growth in broadband revenues, at TRY2.1 billion and TRY1.7 billion respectively. The operating expenses for the year 2008 were up 12% compared to TRY5.9 billion in 2007.

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Turk Telecom sheds 500,000 subscribers in ‘08 (Turkey)

On 01.27.09, In Mobile, By Editor

Turk Telecom subscribers fell in 2008 by 500,000 to 17.5 million, a level the company is trying to keep in 2009, according to a report. “We haven’t made any changes now after the beginning of the crisis to the plans we made before the crisis,” said Erem Demircan, head of the company’s marketing and internal communications. According to a report, Turk Telekom is expected to make investments of between 1.1 billion and 1.3 billion lira in 2009.

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

On 09.04.08, In Mobile, By Editor

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.

   

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Turk Telecom could bid for Kyrgyztelecom

On 07.18.08, In Mobile, By Editor

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%.

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

On 01.21.08, In Mobile, By Editor

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.

   

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Turk Telecom unveils network upgrade plans (Turkey)

On 07.12.07, In Mobile, By Editor

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.

   

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Turk Telecom plans to invest in Romania, Bulgaria

On 01.08.07, In Mobile, By Editor

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.

 

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