Fridman

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. 

Russian bank VTB said late on Nov. 7 it had reached an agreement with Alfa Group about a joint investment in Turkey's top mobile operator Turkcell.

The announcement comes ahead of a mid-November deadline for Russian billionaire Mikhail Fridman and Turkcell's founder Mehmet Emin Karamehmet to resolve a dispute over control of the Turkish company.