Turkish operator Turkcell is actively seeking strategic foreign partnerships for its subsidiaries, its CEO Murat Erkan told newspaper Hurriyet during the Consumer Electronics Show (CES) in Las Vegas. ‘We have opened up our subsidiaries Paycell, Bip [OTT communications] and Superonline [fibre broadband operations] to investors. Funds from the United States, Asia and the Middle East have shown interest in our companies. We are not looking for financial investors, but partners to speed up expansion abroad,’ he said, adding that individual stakes of up to 10% could be offered to foreign partners in the coming months.
Turkcell has authorised JP Morgan to find investors for payment processing company Paycell, with talks ongoing with around ten potential partners.