The latest spate of tower carve outs, consolidation and transactions
Eurasia: Turkcell submits a binding offer for TeliaSonera’s stake in FINTUR
TeliaSonera intends to divest its stake in FINTUR, the mobile business it owns with Turkcell in Kazakhstan, Azerbaijan, Georgia and Moldova. With Turkcell already owning a 41.45% stake in the company, it has submitted a binding offer to acquire TeliaSonera’s stake. In an interview with TowerXchange, Turkcell’s CSO suggested the company felt it could create more value for their shareholders and customers if they took a bigger role in the management of their subsidiaries in the region.
France: Orange takeover of Bouygues Telecom collapses
After entering into official negotiations in January, Orange’s takeover of Bouygues Telecom has collapsed with parties failing to reach an agreement regarding the consolidation.