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Sunday, May 28, 2006

iTWire - Vodafone's Turkish delight

"Vodafone's Turkish delight
By Stuart Corner
Sunday, 28 May 2006
Vodafone has completed its acquisition of the assets of Turkish mobile operator, Telsim, announced in December, for $US4.55 billion, giving it ownership of the number two operator in a very large and fast growing market.
Closure of the purchase, from the Turkish Savings and Deposit Insurance Fund, delivered a $US410 windfall to one of Telsim's key suppliers, Motorola and $US341 to another, Nokia, as settlement, of respectively, a fraud case and payment default."

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