TeliaSonera: TeliaSonera's Agreement on Purchase of Turkcell Shares ValidS Agreement • January 26th, 2007 • Teliasonera Ab • Telephone communications (no radiotelephone)
STOCKHOLM, Sweden--(BUSINESS WIRE)--Jan. 26, 2007--An arbitration tribunal of the International Chamber of Commerce has issued an award finding that a binding share purchase agreement was concluded between TeliaSonera (OTC:TLSN) (STO:TLSN) (HEX:TLS1V) (LSE:TEE) and Cukurova in 2005, calling for Cukurova to sell all the remaining shares in Turkcell Holding to TeliaSonera for a cash consideration of USD 3.1 billion (approximately SEK 21.7 billion), thereby increasing TeliaSonera's effective ownership to 64.3 percent in Turkcell.
