Turkish delight at Telekom constitutional ruling
Article Abstract:
There is considerable international confidence in the planned partial sale of Turk Telecom, which has now been approved by the country's Islamist-led government. Prime minister Necmettin Erbakan seems to have strong commitment to privatisation, which he regards as having the potential to reduce inflation and increase support for his Refah party. The government will retain 51% of Turk Telecom, with the postal service holding 10%, employees and small investors holding 5% and 34% being sold to strategic investors.
Publication Name: Privatisation International
Subject: Business, international
ISSN: 0961-4206
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
Turks' new optimism
Article Abstract:
Turkey is carrying out a privatization program which has met a number of obstacles. The program was begun in the 1980s and problems include public opposition and financial problems of purchasers, both of which have led to the abandonment of sales. Turk Telekom is among the more attractive companies, but political opposition and legal difficulties could hamper sales of profitable concerns. The government needs cash and is under pressure to sell assets.
Publication Name: Privatisation International
Subject: Business, international
ISSN: 0961-4206
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
Trukey finaly off but to a slow start
Article Abstract:
The Turkish parliament has approved the privatisation law however the head of the PPA privatisation agency Tezcan Yaramanci has resigned and no replacement has yet been found. Also the sale of PTT telephone and TEK electricity distribution companies has been halted by the constitutional court and the country's economy is still deteriorating. The PPA wants to sell off companies that had been prepared for sale before the process was halted.
Publication Name: Privatisation International
Subject: Business, international
ISSN: 0961-4206
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: EU tackles budget amid turmoil over constitution. U.K. request clouds trading of emissions
- Abstracts: Deutsche Telekom outlines initial retail offer. Mixed review for KPN by investors. Competition for Dutch mobile phones
- Abstracts: Advisers for Telstra sale. Italy adopts cautious sell-off plan for Stet. Belgacom sale fraught with difficulty