Telecom Italia: sale of 40.5% stake in Avea to Turk Telekom for 500 million dollars finalised

09/18/2006 - 09:40 PM

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Telecom Italia has reinvested USD 250 million in the capital of Oger Telecom, reinforcing its participation in the holding which controls Turk Telecom 


Telecom Italia announces that, having received authorisation from the relevant Turkish authorities, the sale of 40.5% stake in the mobile operator “Avea”, held by subsidiary TIM International, to Turk Telekom, for a total of USD 500 million, has been finalised. 

Furthermore, as foreseen in the agreement announced on the 14 July, today, Telecom Italia has, at the same time, reinvested USD 250 million in the capital of Oger Telecom, the holding which controls Turk Telekom.