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Russia's Alfa Telecom bids $2.8 billion to double stake in Turkcell

2015-03-17 11:19:57| Telecom - Topix.net

Russia's Alfa Telecom offered $2.8 billion on Tuesday to buy back a 13.76 percent stake of Turkcell , a deal that would double its holding in Turkey's top mobile operator after a seven-year battle for control of the company. Alfa Telecom said in a statement it had offered $54.9 million per share for 51 of Turkcell's class-B shares, which are being held with Turkey's state-run Ziraat Bank [TCZIR.UL] as collateral for a loan.

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