Monday 30 January 2012

Exclusive: Qatar makes approach for Oger Telecom stake - sources | Reuters

Qatar, eager to boost its footprint in Turkey, has made a takeover approach to the majority owner of Oger Telecom, which owns a controlling stake in Turk Telecom (TTKOM.IS), sources familiar with the matter said.

Qatar has directly approached Saudi Oger - owned by the family of late Lebanese prime minister Rafik al-Hariri - for its approximately 55 percent stake, the sources said.

By acquiring the Oger Telecom stake, Qatar would also get Turk Telecom and its mobile unit Avea as well as South African operator Cell C in which Oger holds a 75 percent stake.

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