Turkcell plans bid for BeST

11 Apr 2008

Turkcell has revealed that it plans to bid for state-owned mobile operator BeST as it seeks to expand into new markets. ‘Our company has decided to begin works to make a bid to shareholders to buy a majority stake in Belarussian Telecommunication Network (BeST),’ it said in a statement. It is not clear how much Turkey’s largest cellco by subscribers is prepared to pay, but last year President Lukashenko said the government was ready to cede control of BeST for around USD500 million.