Deals
Turkcell Said to Hire Citigroup, HSBC for Fintur Purchase
- Turkish mobile company seeks control of Fintur by next year
- CEO plans expansion in North Africa, Balkans, Central Asia
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Turkey’s biggest mobile operator by users hired Citigroup Inc. and HSBC Holdings Plc to advise on the planned acquisition of the portion of TeliaSonera AB’s Fintur Holdings that it doesn’t already own, according to two people with knowledge of the matter.
Turkcell Iletisim Hizmetleri AS signed agreements with the advisers on Monday, the people said, asking not to be identified because the information is confidential. TeliaSonera owns 38 percent of Istanbul-based Turkcell, whose other shareholders are Russian billionaire Mikhail Fridman’s Alfa Group and Cukurova Holding AS of Turkey.