Talks on Borusan’s takeover by Vodafone Turkey about to conclude
www.WirelessFederation.com/news: Negotiations for the purchase of a controlling stake in Turkish alternative fixed line telco Borusan Telekom by Vodafone Turkey is on the verge of successful conclusion. Earlier, India’s Dhanus Technologies bought Borusan for USD30 million.
The two parties have three options- a partnership giving the UK-backed mobile operator management control of Borusan, 100% stock takeover or a majority stake purchase.
Vodafone Turkey’s acquisition of Borusan would help it to offer converged fixed, mobile and broadband services, and develop its corporate sector presence. Turkcell and Avea, rival telecom operators have already drafted the converged strategies. ISP unit, TTNet of PSTN operator Turk Telekom, which cross-markets mobile broadband and Wi-Fi packages owns Avea.
Turkcell, a fixed broadband operator Tellcom (Superonline), on the other hand, is aiming at extended high speed internet service coverage both with HSPA mobile and fibre-optic technologies.
Turk Telecom shares resume trade after denying press reports
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.
NEC to supply xDSL equipment to Turk Telekom
Turkish operator Turk Telekom has awarded NEC Australia 100 percent of a recent tender for delivery of 500,000 xDSL lines to be deployed throughout Turkey. Under the contract, NEC will deploy its AM Series multi-service access node (MSAN/DSLAM) including ATM and IP network interfaces. The full turnkey contract also includes systems integration, supply of broadband remote access servers, installation and support services and the integration of NEC’ OSS layer product ‘Director – Common Management System’ (CMS) to allow consolidation and optimisation of existing Turk Telekom xDSL and management interfaces. The integration of existing and newly supplied equipment will allow Turk Telekom to support approximately 100,000 new xDSL broadband users per month. Financial details of the contract were not disclosed.
Source- http://www.telecompaper.com
