DJ Turk Telekom 2nd Public Offering To Exceed 10%, Says Govt -IHA

ISTANBUL (Dow Jones)--A possible second public offering of Turkish fixed-line operator Turk Telekom (TTKOM.IS) would exceed a 10% stake, Communications Minister Binali Yildirim said Wednesday, reports Ihlas News Agency, or IHA.

Turk Telekom listed 15% of its shares in an initial public offering in 2008, the second phase of Turk Telekom's privatization. Turk Telekom was partly privatized in 2005 when Oger Telecom purchased a 55% stake of the former monopoly for $6.55 billion. The remaining 30% of the company still belongs to the state.

In late December, Turkish media reported that the government planed to list a further 15% stake in the company in 2010.

Agency Web sites: www.iha.com.tr; www.ihavideo.net

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February 24, 2010 06:52 ET (11:52 GMT)

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