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Turk Telekom Places Binding Bids to Buy Cosmo Bulgaria, Germanos Telecom

Turk Telekomunikasyon AS (TTKOM.IS) said Thursday that it has placed binding bids to buy Cosmo Bulgaria Mobile EAD and Germanos Telecom Bulgaria AD as part of its regional expansion strategy.Turk Telekom, which is controlled by Dubai-based Oger Telecom, didn't provide further details in its statement to the Istanbul Stock Exchange.At 0910 GMT, Turk Telekom shares were trading 0.25% lower at TRY8.06, amid a wider Istanbul market that is 0.2% down.Write to Yeliz Candemir at yeliz.candemir@dowjones.comSubscribe to WSJ: http://online.wsj.com?mod=djnwiresCopyright © 2013 Dow Jones Newswires...

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  1. Turk Telekom Sees 5%-7% Rise in Consolidated Revenue in 2013

    Turk Telekomunikasyon AS (TTKOM.IS) said late Thursday it expects consolidated revenue to increase by 5%-7% in 2013 compared with the previous year.The company expec...

  2. Akbank Fourth-Quarter Net Profit Above Expectations

    Akbank TAS (AKBNK.IS), Turkey's second-largest bank by market value, Thursday nearly doubled its fourth-quarter net profit due to trading gains stemming from declini...

  3. Turk Telekom Net Profit Slightly Below Forecasts on Higher Cost of Sales

    Turk Telekomunikasyon AS (TTKOM.IS) reported Wednesday a near 1% rise in fourth-quarter net profit, but the result was slightly below analyst expectations due to a h...

  4. Turkish Airlines To Buy Two Aircraft from Airbus

    Turkish Airlines (THYAO.IS), the world's fastest-growing carrier, said Friday it is buying A330-300 planes from Airbus to meet its wide-body aircraft needs as it see...

  5. Turkey's Borusan Mannesman to invest $150 million in U.S. factory

    Borusan Mannesmann , Turkey's leading steel pipe manufacturer, will invest $150 million in building a production facility in the United States, the company said on M...

  6. Turkey's Migros Says BC Partners Regular Review Spurring Stake Sale Speculation

    Migros Ticaret AS, a leading Turkish supermarket chain 81% owned by BC Partners, said a periodic review of investments by the London-based private equity firm is lea...

  7. Turkey's Halkbank Raises TRY4.51 Billion in Secondary Public Offering

    Turkey's state-run Turkiye Halk Bankasi AS (HALKB.IS), or Halkbank, has raised 4.51 billion Turkish lira ($2.5 billion) for its secondary public offering, brokerage ...

  8. Is Bank's Net Profit More Than Doubles

    Turkey's Is Bank's (ISCTR.IS) third-quarter net profit more than doubled, reflecting an increase in net interest income and commissions, according to a statement fro...

  9. Turkey's Halkbank Net Profit Boosted by Stronger Trading Gain

    Turkey's state-run Turkiye Halk Bankasi AS (HALKB.IS), or Halkbank, posted a 19% rise in third-quarter net profit, boosted by a rise in net interest income and stron...

  10. Turkish Airlines to buy up to 20 Boeing B777-300ERs by 2017

    Turkish Airlines has decided to buy 15 Boeing B777-300ERs by 2017 with an option to buy five more, it said in a statement on Monday.The flag-carrier said it decided ...

  11. Koc Holding Net Profit Falls 10% As Non-Finance Margins Hit

    Koc Holding AS (KCHOL.IS), Turkey's largest conglomerate by sales, reported Friday a 10% fall in first-quarter net profit, reflecting margin contraction in its non-f...

  12. Turk Telekom Net Profit Rises Above Forecast

    Turk Telekomunikasyon AS (TTKOM.IS) said Tuesday its first-quarter net profit rose 27% on the year, reflecting foreign exchange gains based on a strengthening Turkis...

  1. Turkcell to Hold General Assembly on May 22

    Turkcell Iletisim Hizmetleri AS (TKC, TCELL.IS), Turkey's biggest mobile operator, said late Tuesday it will hold a general assembly on May 22 to seek approval of 20...

  2. Turk Telekom 1Q Net Profit Falls 32% on Forex Losses

    Turk Telekomunikasyon AS (TTKOM.IS) reported Tuesday a 32% decline in first-quarter net profit due to foreign-exchange losses, but the result was slightly above anal...

  3. Turkish Airlines Staff Plan to Strike Over Dismissals -Union

    Turkish Airlines, the world's fastest growing large carrier, is facing a strike by a union representing almost 90% of the flag bearer's employees, who plan to halt o...

  4. Allianz to Acquire Turkish Insurance Company

    German insurer Allianz SE (ALV.XE) said Wednesday it will acquire around 94% of Yapi Kredi Sigorta (YKSGR.IS), an insurance unit of Yapi Kredi--Turkey's fourth large...

  5. Yapi Kredi Says Talks on Sale of Insurance Unit Are Continuing

    Turkey's Yapi ve Kredi Bankasi (YKBNK.IS), or Yapi Kredi, said Tuesday that talks on the sale of its insurance unit Yapi Kredi Sigorta (YKSGR.IS) are continuing and ...

  6. Denizbank: Talks to Buy Citi's Turkey Consumer Banking Unit Continue

    Turkey's Denizbank AS (DENIZ.IS) said Monday talks with Citigroup Inc. (C) about the purchase of its consumer banking unit in Turkey continue.Denizbank made the stat...

  7. Turkey's Yapi Kredi Plans to Issue Up to $2 Billion of Debt Instruments

    Turkey's Yapi ve Kredi Bankasi (YKBNK.IS), or Yapi Kredi, plans to issue up to $2 billion worth of international bonds or other debt instruments denominated in Turki...

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