Direct line to profits

Article Abstract:

Koc Holding of Turkey and SBC Communications of the US are said to be making a joint bid for shares in Turk Telekom in Turkey, which is being privatised from the fourth quarter 1998. The successful bidder will benefit from access to one of the world's 12 largest telephone networks and a company with profits of around US$ 1.2bn, expected to reach US$ 1.5bn in 1998. At the same time, the network only reaches around 25% of the population, and Turk Telekom is seeking to remedy this with a major investment plan. It expects to add another 2.5mn subscriber lines by the year 2000, having already added 2mn in 1997. Some 200,000 cordless telephone lines are being installed in remote areas, and a third satellite is due to be added in 1999 under a joint venture with Aerospatiale of France. Meanwhile, mobile telephony in Turkey is also growing quickly, boosted by licences which were awarded to Telsim and Turkcell in April 1998. Telsim expects to have 2mn-3mn subscribers by the year 2000, and has awarded a US$ 500mn contract to Motorola to supply GSM infrastructure. This will increase cellular range to 75 miles from 22 miles.

Comment:

Is bidding for shares in Turk Telekom which is being privatised from the 4rth quarter 1998

Wired Telecommunications Carriers, Telephone Communications, Financial Holding Companies, Offices of Bank Holding Companies, Turkey, Telephone services, AT&T Inc., Turk Telekom, KOC Holding A.S.

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Sale nets 1.8m jackpot for ex-BR managers

Article Abstract:

AEA Technology has purchased Transportation Consultants International (TCI) in a deal which will enhance the buyer's presence in the UK rail industry. TCI used to be known as BR Projects was acquired in 1996 by a management buyout team for GB 3.5mn. TCI specialises in signal design, transport economics/planning and risk management and will become part of the existing rail unit of AEA Technology following the GB 12.2mn deal. AEA Technology already owns BR Research, which is based in Derby, and gleans around 10% of its GB 300mn turnover from rail.

Comment:

Purchases Transportation Consultants International in a GBP3.5 mil deal which will enhance its presence in UK rail ind

United Kingdom, Nuclear Energy Products, All Other Basic Inorganic Chemical Manufacturing, Management Support Services, Administrative Management and General Management Consulting Services, AEA Technology, Transportation Consultants International

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IRELAND: DEBIS SYSTEMHAUS TO BUY AERFI

Article Abstract:

Germany's Debis Systemhaus is expected to acquire the Irish aircraft leasing company, AerFi, in a cash deal worth US$ 750mn. The deal, now subject to shareholder and regulatory approval, would form the third biggest aircraft leasing company in the world.

Ireland, All Other Nondepository Credit Intermediation, Finance Leasing, Misc. business credit institutions, Mergers, acquisitions and divestments, Commercial finance companies, Lease financing, Debis Systemhaus GmbH, AerFi

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