March 22, 2018 / 9:44 AM / 6 months ago

UPDATE 1-Turkcell will sell units in Kazakhstan and Moldova this year -CEO

(Adds details, background)

ISTANBUL, March 22 (Reuters) - Leading Turkish mobile operator Turkcell will sell its units in Kazakhstan and Moldova this year, the company chief executive Kaan Terzioglu said on Thursday.

Speaking at a news conference in Istanbul, CEO Terzioglu said the company will look into strategic options for some units which are not valued right, adding that the company may consider a public offering for its internet service provider Superonline.

Kazakhstan’s London-listed mobile operator Kcell, and its counterpart Moldcell operating in Moldova belong to Nordic telecom operator Telia Company and Fintur, Telia’s joint venture with Turkcell.

Telia announced a retreat from central Asia in 2015 as part of a shift to focus on its main markets in Nordic and Baltic countries.

Telia has since exited four of seven countries in its so called Eurasian unit: Nepal, Tajikistan, Georgia and now Azerbaijan. It still has operations in Uzbekistan, Kazakhstan and Moldova.

Turkcell does not plan to enter new markets in the upcoming period, Terzioglu also said. (Reporting by Ceyda Caglayan Writing by Ezgi Erkoyun Editing by Daren Butler)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below