TeliaSonera has strongly criticised plans by the Turkish government to effectively take over the running of Turkcell.
Quoted by the Financial Times, Vahdettin Ertas, chairman of Turkey’s Capital Market Board, said that continued disagreements between Turkcell’s main shareholders left it with no option but to appoint two more directors to its seven-member board.
This would give it a majority in a move TeliaSonera sees as a nationalisation.
Earlier this week it was reported that the UK’s Privy Council had ruled in favour of the Cukurova Group in its dispute over the ownership of Turkcell with Russia’s Alfa Group.
