Turkey Wealth Fund Moves to Acquire Control of Turkcell

Posted on 06/18/2020


The Turkey Wealth Fund (TWF) claimed to agree to acquire 26.2% of shares in Turkcell Iletisim, a mobile phone operator in Turkey. The Turkey Wealth Fund is buying the stake in Turkcell in a series of agreements from Swedish telecommunications company Telia. The sales price for the total 26.2% stake is for US$ 530 million. […]

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