"Nokia Reaches Settlement With Turkish Government
STOCKHOLM -(Dow Jones)- Finland's Nokia Oyj (NOK) said Monday it has reached a settlement in its financial claims against the Turkish network operator Telsim subject to the successful sale of Telsim's assets.
Under the terms of the arrangement with Telsim and the Turkish Savings and Deposit Insurance Fund (TMSF), which currently controls and manages Telsim's assets, Nokia will receive a settlement payment following the completion of the sale of Telsim's assets.
The settlement is subject to the formal board approval of TMSF, and the amount of the settlement will depend on the final proceeds from the future sale of Telsim's assets. "
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