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Article: TURKEY.
- Article from:
- MEED Middle East Economic Digest
- Article date:
- January 29, 1999
CopyrightCOPYRIGHT 1999 MEED Middle East Economic Digest. All Rights Reserved. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Turk Telekom primed for sell-off
The Privatisation Administration (OIB) on 15 January said it had completed preparation for the sell-off of Turk Telekom and would launch a tender in the coming weeks.
"An information memorandum has been prepared and is available from today," said Hakki Surel, head of OIB's telecoms privatisation committee. "We will announce a tender in coming weeks for the block sale of the company," he said. The tender will be for the block sale of 20 per cent of Turk Telekom to a strategic investor or group of investors headed by an international telecommunications operator. It is expected to be worth up to $2,800 million. Bidders are ...