TeliaSonera asks Cukurova to comply

23 May 2005

TeliaSonera will launch legal proceedings against the Cukurova Group if it continues to delay the completion of a share purchase agreement relating to Turkcell. In March the Swedish telco agreed to pay SEK23 billion for Cukurova’s 27% stake in Turkcell. A deadline of 23 May was set for execution of the final share purchase, a timeframe which Cukurova has failed to meet. TeliaSonera has accused the group of failing to act in good faith and will pursue legal action to protect its rights.

Turkey, Telia Company, Turkcell