Turkcell has 30 days before unwanted intervention, market czar says

Turkcell has 30 days before unwanted intervention, market czar says

 

The head of Turkey’s Capital Markets Board (SPK), which set a 30-day deadline for Turkcell, Turkey’s largest mobile operator, to hold a problematic general assembly meeting in a notice last night, said today that the regulator’s preference was a solution that did not require intervention.

There is no obstacle to the partners coming together and holding the general assembly, Vahdettin Ertaş responded to a Hürriyet Daily News question while talking to journalists on the sidelines of a CEO Club meeting held by Capital and Ekonomist magazines in Istanbul today.

“We would prefer that there was no need for us. We will undertake such a responsibility only if we have to,” he said.