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Turkey takes control of Turkcell as Telia agrees exit for USD 530 mln

2020-06-18 08:50:00| Telecompaper Headlines

(Telecompaper) Telia Company has reached an agreement to sell its 47.1 percent stake in Turkcell Holding to the state-owned Turkey Wealth Fund for USD 530 million. The transaction also includes a full settlement of all shareholder disputes and litigation connected to Turkcell and Turkcell Holding. As a result of the deal with all the shareholders, the state fund becomes the largest, controlling shareholder of the mobile operator.

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