Oger lenders move to acquire stake in Türk Telekom

The three largest creditors of Otaş, a company that was set up by Oger Telecom to acquire a 55 percent stake in Türk Telekom in 2005, have reached an agreement with the Turkish Transport Ministry to acquire a majority stake in the company as they cannot charge their loan receivables, sources have told daily Hürriyet, adding that the lenders and authorities were now working on the legal aspects of the deal.