www.WirelessFederation.com/news: Turkish Fixed line operator, Turk Telekom’s shares resumed trade on the Istanbul Stock Exchange after being suspended. The suspension came after a report was published in Turkish press that the government had plans to list 15% stakes in the company next year.

The company received a statement from the privatization agency OIB denying the claims of the newspaper. However, OIB stated that the process to sell the remaining 30% Turk Telekom stake which is controlled by the Treasury has not yet started by them.

Last year the telecom had listed 15% of its shares in an initial public offering. The second phase of privatization of the firm was IPO. The company was party privatized in 2005 following the purchase of 55% of the former monopoly by Oger Telecom for $6.55 billion. However the state still owns the remaining 30% of the company.