Oger eyes Telecom Italia’s Avea stake

28 Mar 2006

According to Turkish news site Zaman Online, Turk Telekom’s (TT’s) new owner, Oger of Saudi Arabia, is planning to acquire Telecom Italia’s 40% stake in TT’s wireless arm Avea. According to the report Oger wants to complete the deal via TT, 45% of which is publicly owned. In July last year Oger Telecom bought a 55% stake in TT. Oger Telecom is a joint venture formed by Saudi Oger, TIM and BT Telconsult.