Friday, 28 July 2017

Turkcell ownership battle draws to a close...possibly

By Mary Lennighan, Total Telecom
Tuesday 02 August 16

LetterOne claims victory in arbitration court ruling, which should force Cukurova Holding to either sell its shares in Turkcell or buy back those held by the Russian company.

A U.K.-based arbitration court has found in favour of LetterOne with regard to a long-running dispute over the ownership of Turkcell, issuing a ruling that should force a sale of shares in the company by one or other of the warring parties. Russia's LetterOne is at loggerheads with Turkish conglomerate Cukurova Holding over the pair's respective stakes in Turkcell. The dispute has caused problems for the Turkish mobile operator…

A U.K.-based arbitration court has found in favour of LetterOne with regard to a long-running dispute over the ownership of Turkcell, issuing a ruling that should force a sale of shares in the company by one or other of the warring parties. Russia's LetterOne is at loggerheads with Turkish conglomerate Cukurova Holding over the pair's respective stakes in Turkcell. The dispute has caused problems for the Turkish mobile operator…

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