TURKEY’S TELECOM INTERESTED IN BTC

Business | May 23, 2002, Thursday // 00:00

The Turkish telecommunications monopoly Turk Telekom will set up a consortium with the Turkish industrial conglomerate Koc Holding and Sabanci Holding to participate in the privatization of the Bulgarian Telecommunications Company (BTC). The Turkish telecom will place its bid before the deadline, which was extended by the Privatization Agency by June 10. Potential buyers for BTC will be able to purchase tender documents and conduct due diligence for the Telecom until June 7. Bulgaria plans to sell up to 65 percent in BTC at a two-stage tender.
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