9 January 2010 / ,
Turkey’s government could launch a second public offering this year to sell part of its remaining 30 percent stake in Türk Telekom, the dominant fixed line operator, Binali Yıldırım, communications minister, said on Wednesday.
The listing in May 2008 of a 15 percent stake in Türk Telekom, which is controlled by Dubai-based Öger Telecom, was the last big flotation before Turkish markets succumbed to the global crisis. The initial public offering drew international interest and raised TL2.4bn, valuing the whole company at TL16.1bn. A secondary offering would be a relatively straightforward way for Turkey’s government to boost revenues rapidly in a year of straightened public finances.