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Presidency Opened the Way to Privatization of TT

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Presidency Opened the Way to Privatization of TT

Sezer, Turkish President of Republic approved two bills concerning the amendments on the Act regarding Public Tenders and the privatization. So, being excluded from the scope of Public Tenders Act, Turk Telekom has made a new progress on way to privatization.

Murat Buke by Murat Buke
15 August, 2003
in English
0

President Sezer, the president of republic approved the bill excluding public utilities operating in sectors of energy, water, transport and telecommunication and foundational universities from the scope of Act regarding Public Tenders. As product and service purchases and production work by such utilities below the price worth of 2,3 trillion Turkish Liras are taken out of the scope of the act, tenders of those above such price will be in the scope of the Act regarding Public Tenders.

Another bill approved by Sezer, the President, covers privatization of Turk Telekom and National Lottery Service. The usage of share stocks and convertible investment instruments is allowed in privatization of Turk Telekom by such bill. The bill in question also allows Turk Telekom’s GSM company AYCELL to merger with another GSM operator.

Tags: AycellHaberNational Lottery ServiceNecdet SezerPrivatizationTenderTürk Telekom
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