TeliaSonera in agreement to purchase additional shares in Turkcell from Çukurova
· TeliaSonera agrees with the Çukurova Group to acquire an effective 27.0 percent stake in Turkcell for a cash consideration of USD 3.1 billion (SEK 21.8 billion) and increase its effective ownership stake to 64.3 percent · TeliaSonera will not make a public tender offer for Turkcell, which will remain a listed company · Çukurova to continue as local partner with a 13.5 percent stake · Transaction underlines TeliaSonera’s commitment to Turkey and Turkcell as well as the future development opportunities · Transaction expected to be earnings and cashflow accretive TeliaSonera, the leading