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Thursday, June 23, 2005

TeliaSonera Vows to Fight for Turkcell - Forbes.com

"TeliaSonera Vows to Fight for Turkcell
06.23.2005, 10:49 AM

Nordic telecommunications company TeliaSonera Corp. vowed Thursday to keep fighting for majority ownership in mobile phone operator Turkcell, despite rival bidder Alfa Group's deal for a stake in the company.

Turkey's Cukurova group said Wednesday it had reached a US$3.3 billion (euro2.72 billion) deal with the Turkish subsidiary of Alfa Group that could give the Russian company a 13.22 percent stake in Turkcell. "

More:TeliaSonera Vows to Fight for Turkcell - Forbes.com