Vodafone Wins Auction for Turkey's Telsim
An AFP newswire article, via Yahoo! News, reports that:
British telecommunication giant Vodafone made the highest bid of 4.55 billion dollars (3.81 billion euros) in a hotly contested televised auction for Telsim, the second-biggest Turkish mobile telephone operator.
Telsim has been in state recievership since February 2004, when the authorities seized 219 companies that belonged to the Uzan family's now-defunct business empire in a bid to recover the huge debts of their Imar bank, which collapsed in 2003 after a large-scale fraud scandal.
posted by Fergie @ 12/13/2005 06:05:00 AM
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