Telefonica won’t talk Turkey

22 Apr 2005

Spanish telco Telefonica has decided not to enter the tender for a 55% stake in Turk Telecom. The favourite to win the stake, the loss of Telefonica is a serious blow to the Turkish government, which had been hoping to complete the sale by the end of May. Nonetheless, government officials claim that they are still expecting in the region of ten offers by the closing date of 31 May, one of which is expected to be from Telecom Italia.

Turkey, Telefonica, Turk Telekom