Turk Telekom 6.68% stake sale planned for Feb-13

18 Dec 2012

The Turkish government will sell a stake of around 7% in Turk Telekom through a secondary public offering in February, sources close to the matter have revealed to Reuters. Work towards selling part of the state’s 32% stake has reportedly intensified after the government successfully raised TRY4.5 billion (USD2.5 billion) from selling part of state-controlled lender Halkbank last month, the sources said. ‘The current projection is that the 6.68% stake will be sold through a public offering in the first quarter of 2013. A block sale is highly unlikely for a sale of this size,’ the source added.

According to TeleGeography’s GlobalComms Database, the Turkish Treasury currently holds a 30% stake in the telco, while Saudi Arabia’s Oger Telecom is the majority owner, with a 55% stake. In 2008 Turk Telekom concluded a successful initial public offering (IPO) for 15% of the government’s shares. At that time the IPO was said to be the seventh largest public offering in the world and the biggest ever in Turkey. As a result of this offering, the Turkish Treasury secured a total of USD1.9 billion in revenue.

Daha Fazla Göster

İlgili Makaleler

Bir cevap yazın

Başa dön tuşu

Reklam Engelleyici Algılandı

Biz, bağımsız yayın kuruluşu olarak, size sunduğumuz hizmetin maliyetini, reklam gelirleri ile karşılıyıoruz. Reklam gelirlerimizii artırmamıza yardımcı olun.