Oger Telecom Intends To Increase Stake In Turk Telekom

Oger Telecom (OG) has notified Turkey's government that it would like to increase its stake in Türk Telekom (TT) if the state proceeds with the further privatisation of the fixed-line incumbent, according to the Financial Times. The government intends to divest between 15% and 20% of its 30% stake in the operator before the end of 2010 and OG, which paid US$6.6bn for a majority stake in the operator in 2005, has offered a 20% premium to ensure that it secures the divested shares.

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