ID :
14389
Wed, 07/30/2008 - 13:36
Auther :
Shortlink :
https://oananews.org//node/14389
The shortlink copeid
Turkish company purchases stake in Belarussian mobile operator.
MINSK, July 30 (Itar-Tass) - Belarussian mobille service operator BeST has sold 80% of its shares to the Turkish mobile company Turkcell.
An agreement on this was signed Tuesday in Minsk.
The cost of the transaction stands at 600 million U.S. dollars, and Turkcell is expected to invest 400 million U.S. dollars in theramification of BeST's networks.
Nikolai Pantelei, Belarussian Minister of Telecommunications andInformatization said the deal is lucrative for both sides.
Even though the country's market of mobile services is divided between major operators, there is still a resource of about a million subscribers and territories for additional coverage by cell networks still exist, too,Pantelei said.
He added that, above all, the primary objective now is to introducethird-generation and fourth-generation mobile technologies.
Pantelei also said that Turkcell promises to make BeST one of the mostefficient operators in the world.
At present, the Belarussian market of mobile telephony has four major operators, and BeST, the youngest of them, still has a rather modest share of the nationwide clientele. It serviced slightly more than 180,000subsribers at the end of last year.
The company was registered November 5, 2004. Its co-founders are the Research Institute of Automation Instruments and the state unitaryenterprize Beltelekom, whose stake total 75% and 25% respectively.
An agreement on this was signed Tuesday in Minsk.
The cost of the transaction stands at 600 million U.S. dollars, and Turkcell is expected to invest 400 million U.S. dollars in theramification of BeST's networks.
Nikolai Pantelei, Belarussian Minister of Telecommunications andInformatization said the deal is lucrative for both sides.
Even though the country's market of mobile services is divided between major operators, there is still a resource of about a million subscribers and territories for additional coverage by cell networks still exist, too,Pantelei said.
He added that, above all, the primary objective now is to introducethird-generation and fourth-generation mobile technologies.
Pantelei also said that Turkcell promises to make BeST one of the mostefficient operators in the world.
At present, the Belarussian market of mobile telephony has four major operators, and BeST, the youngest of them, still has a rather modest share of the nationwide clientele. It serviced slightly more than 180,000subsribers at the end of last year.
The company was registered November 5, 2004. Its co-founders are the Research Institute of Automation Instruments and the state unitaryenterprize Beltelekom, whose stake total 75% and 25% respectively.
