Brief: Turk Telekom Says It Decides To Establish Company In Northern Cyprus, Foresees $100 Mln Investment
11/07/2025 06:34
July 11 (Reuters) - TÜRK TELEKOMÜNİKASYON TTKOM.IS: SAID ON THURSDAY DECIDES ON ESTABLISHMENT OF A COMPANY IN THE TURKISH REPUBLIC OF NORTHERN CYPRUS WITH A MINIMUM CAPITAL OF EUR 50,000 OR EQUIVALENT IN ANOTHER CURRENCY IN ORDER TO PROVIDE FIXED TELECOMMUNICATIONS INFRASTRUCTURE SERVICES TÜRK TELEKOMÜNIKASYON AND TTNET WILL RESPECTIVELY HOLD 99.99% AND 0.01% OF SHARES AIMS TO STRENGTHEN THE DIGITAL BACKBONE OF THE TRNC BY CARRYING OUT A HIGH-SPEED FIBRE INTERNET TRANSFORMATION WITH THE PLANNED INVESTMENT OF APPROXIMATELY $100 MILLION Source text for Workspace: nIKA6YW2X6 Further company coverage: TTKOM.IS (Gdansk Newsroom) ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))
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