Sunday, July 28, 2019

Turkey’s Digitürk cries foul over TV deal as lira slides - Financial Times | Ahval

Turkey’s Digitürk cries foul over TV deal as lira slides - Financial Times

Turkish TV network Digitürk’s struggle with a $125 million payment on a broadcasting deal, citing a plunge in the lira since it was signed in November 2016, is a reflection of the predicament before many Turkish companies as they face falling lira revenues while confronting dollar-denominated liabilities, wrote Financial Times Turkey correspondent Laura Pitel.

More:Turkey’s Digitürk cries foul over TV deal as lira slides - Financial Times | Ahval