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Telia makes Turkcell statement

June 17, 2020 11.49 Europe/London By Chris Dziadul

Telia Company has confirmed that talks are currently ongoing with Turkey Wealth Fund regarding a potential divestment of its indirect stake in Turkcell for around $530 million.

It adds that the negotiations are at an advanced stage but no agreement has yet been reached.

Furthermore, it has “no further comment to make at this stage but will communicate further if and when appropriate”.

Telia Company owns 47.1% of Turkcell Holding, a holding company owned by Cukurova, LetterOne and Telia Company.

Its only operation is the ownership of 51% in Turkcell.

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Filed Under: Newsline Tagged With: Telia Company, Turkcell, Turkey, Turkey Wealth Fund Edited: 17 June 2020 11:49

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About Chris Dziadul

Chris is our Central & East Europe Editor. You can talk to Chris on Twitter @chrisdziadul or by email at cdziadul@broadbandtvnews.com

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