Turk Telecom plans to invest in Romania, BulgariaZaman 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.
