Turk Telekom CEO says no plans to merge with Turkcell

Turkcell Iletisim Hizmetleri

17/09/2024 09:11

ISTANBUL, Sept 17 (Reuters) - Turk Telekom's chief
executive Umit Onal said on Tuesday, in response to a question,
that a merger by Turkey Wealth Fund of its stake in his
telecommunication company and that of Turkcell is not on the
agenda. 
    "I can clearly say that there is no project aiming to merge
the shares of Turk Telekom and Turkcell owned by Turkey Wealth
Fund on a company and product basis," Onal said when asked about
the prospect. 
    Answering questions at a news conference in Istanbul, Onal
also said there are no plans for a block stake sale of the Turk
Telekom following Turkey Wealth Fund's acquisition. 
    He added that the wealth fund could consider a possible
secondary public offering of its Turk Tekekom stake after a
concession agreement and depending on market conditions. 

 (Reporting by Ebru Tuncay; Editing by Jonathan Spicer and Ezgi
Erkoyun)
 ((ezgi.erkoyun@thomsonreuters.com; +90-212-350 7051; Reuters
Messaging: ezgi.erkoyun.thomsonreuters.com@reuters.net;))