Turk Telekom seeks to explore ‘different vertical markets’

27 Apr 2012

Turk Telekom is looking for acquisitions in alternative markets, such as entertainment and education, CEO Hakam Kanafani has told Bloomberg. The chief executive commented: ‘Our eyes are open for any opportunities in the region. But this is a sellers’ market, where assets are highly leveraged and we are not under pressure to buy assets that do not justify [the] price.’ As such, the telco is monitoring opportunities in Eastern Europe, the Middle East and Asia, although Kanafani warned that any potential assets must ‘have synergies with Turkey’.

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