Turkey now has just one privately-owned operator

The stage is set for a dramatic reshaping of Turkey’s telecoms market.
Turkey’s sovereign wealth fund TWF late last week struck a deal to buy out LYY Telekomünikasyon – the group of Turkish banks that owns 55% of Turk Telekom – for $1.65 billion. TWF, which already owns 6.68 percent of the operator, had been negotiating the acquisition since December.
TWF said the acquisition demonstrates its trust in the long-term outlook of Turkey’s telecommunication industry