Alfa Telecom
Russia's Alfa 'has right to buy Turkcell stake after Çukurova deadline passes'
Turkish holding company Çukurova did not declare an intent to buy a 13.22 percent stake in Turkcell from Russia's Alfa Telecom by a Nov. 18 court deadline, a source close to the matter told Reuters on Nov. 21.
"No declaration was made by the Friday (deadline). Now in line with the court decision, the option of buying has moved to Alfa," the source said.
Expected arbitration ruling plays role in Russian Alfa's decision to sell Turkcell stakes: Sources
A possible ruling in favor of Turkey's Çukurova Holding by a U.K.-based arbitration court has played a significant role in a recent decision by the company's Russian partner in Turkcell, Alfa Telecom, about selling its Turkcell stakes, sources told daily Hürriyet.
Ziraat Bank is expected to play a key role in the transaction, added sources.
Russia's Alfa Telecom says it is ready to sell Turkcell stake for $2.7 billion
Russia's Alfa Telecom said on March 25 it was ready to sell a 13.22 percent indirect stake in Turkcell to Turkey's Çukurova and Ziraat Bank for a total of around $2.7 billion, according to a statement to the Istanbul stock exchange.
Alfa Telecom applies to take indirect control of Turkcell from Turkey's Çukurova
Russia?s Alfa Telecom has applied to Turkey?s Competition Board to take indirect control of leading Turkish mobile phone operator Turkcell from Çukurova Holding, the latest step in a long-running battle for control of the company.