Altimo

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.

Three deputy general managers have quit their posts at Turkey?s largest mobile phone operator, Turkcell, amid rising interference by the government into the company, which has a complex shareholder structure. 

Turkey's biggest mobile operator Turkcell has announced that company CEO Süreyya Ciliv has decided to resign from his position, effective from Jan. 31, in a written statement to the Public Disclosure Platform late on Jan. 28.

Çukurova Holding has said it paid Russia’s Alfa Group $1.6 billion to recover a disputed stake in Turkcell, taking a major step toward regaining control of Turkey’s biggest mobile phone operator after a seven-year battle.

Two shareholders of Turkey’s largest mobile operator Turkcell, Turkish Çukurova Holding and Russian Altimo, have reached an agreement in an ongoing legal battle, a U.K. court looking into the legal dispute between parties has announced.

Çukurova Holding is close to securing financing from a local partner to recover a disputed stake in the country’s biggest mobile phone operator Turkcell, three sources close to the matter told Reuters.

The annual general meeting of the leading Turkish mobile phone company Turkcell failed to convene on May 29, as there has yet to be a settlement amid a long-running dispute between the company’s main shareholders, company officials said.