Turkey Puts Telsim Up for Sale
An AP newswire article, via Yahoo! News, reports that:
The Turkish government put wireless carrier Telsim up for sale on Thursday, setting an estimated value of $2.8 billion for the country's second-largest mobile operator.
A notice in the Official Gazette set Sept. 19 as a deadline for companies to make qualifying bids, with Dec. 5 as the deadline for final offers.
Telsim, along with about 200 other businesses owned by the Uzan company, was taken over by the Turkish Saving Deposits Insurance Fund last year to collect debts stemming from the group's troubled flagship bank, Imar.
The sale of Telsim, estimated to have 8 million customers, had been delayed because of legal troubles over debts owed to Motorola Inc. and Nokia Corp.
posted by Fergie @ 8/25/2005 10:04:00 AM
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