Vodafone Turkey acquires Borusan Telekom.

By bne IntelliNews December 30, 2009
Vodafone Turkey announces that it acquired full control in local fixed-line and broadband operator Borusan Telekom for an undisclosed amount. The deal is subject to the approval of authorities. CEO of Vodafone Turkey , Serpil Timuray states that the company wants to consolidate its position in corporate communications segment with this acquisition. Borusan Telekom posted USD 70mn net revenues in 2008. The company employs 150 people. CEO of Borusan Holding, Agah Uur states that the decision to sell Borusan Telekom was given in line with the companys strategy to focus on three sectors namely energy, logistics and steel manufacturing. It was previously reported talks between the two companies were underway for six months.

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