TeliaSonera : Telia Company sells remaining part of direct stake in Turkcell
September 19, 2017 at 03:09 am EDT
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The sale of the 153.5 million ordinary shares in Turkcell, representing approximately 7.0 percent of the company's issued share capital, to institutional investors means that Telia Company no longer has a direct stake in Turkcell.
Telia Company's indirect stake (24 percent) in Turkcell through Turkcell Holding remains unchanged.
In line with strategy
'The sale of the remaining directly owned shares in Turkcell is in line with our strategy to focus on our operations in the Nordics and Baltics. We will after today's transaction continue to be the largest shareholder in Turkcell and as such will continue our long-term efforts to solve the ownership deadlock and to reinstate normal corporate governance in Turkcell,' says Johan Dennelind, President and CEO of Telia Company.
Telia Company AB published this content on 19 September 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 19 September 2017 07:08:06 UTC.
Original documenthttp://www.teliacompany.com/en/news/news-articles/2017/turkcell-direct-stake/
Public permalinkhttp://www.publicnow.com/view/1B4F6A5A1432D611974F66E3AAEEA008478152C5
Telia Company AB is the leading Scandinavian telecommunications operator. Net sales (including intragroup) break down by activity as follows:
- telecommunications services (85.8%): mobile telephony (19.8 million subscribers at year-end 2022), fixed-line telephony (0.9 million), cable television transmission (3 million), broadband Internet access (2.9 million), etc.;
- media services (9.6%): production and broadcasting of audiovisual content (TV4, C More and MTV channels);
- other (4.6%).
Net sales are distributed geographically as follows: Sweden (46.4%), Finland (18.7%), Norway (16.5%), Denmark (5.8%), Lithuania (5.5%), Estonia (4%) and other (3.1%).
TELIA COMPANY AB 
