Turkcell negotiates acquisition of 100% IsNet shares

Turkcell, Turkey’s leading cellco by subscribers, has issued a statement announcing it has authorised its management to negotiate the acquisition of 100% of the share capital of Isbank (Is Bankasi) subsidiary IsNet. TeleGeography’s GlobalComms Database notes that IsNet was founded as an ISP in 1999, with the Isbank conglomerate providing 100% of the investment. The company added a Fixed Telephony Service (FTS) Operator licence to its portfolio in 2004.