Telsim takeover approved

30 Jan 2006

The Competition Board of Turkey has given final approval for Telsim’s sale to Vodafone. The board ruled that there is no obstacle ‘in terms of competition’ to the move. Vodafone bid USD4.55 billion for Telsim in December; the sale is likely to be completed in the first quarter of 2006.

Turkey, Vodafone Group, Vodafone Turkey