Mikhail Fridmanâ

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.