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Turk Telekom says bids in Kyrgyztelecom tender

Wed Aug 27, 2008 8:45am EDT

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ISTANBUL, Aug 27 (Reuters) - Turk Telekom (TTKOM.IS) has bid in a tender to buy up to 78 percent of Kyrgyzstan fixed-line phone monopoly Kyrgyztelecom, the company said in a statement to the stock exchange on Wednesday.

The Turkish operator said it would also obtain a mobile licence through fixed-line operator Kyrgyz Telecom if it won the fixed-line tender.

Kyrgyzstan said last month it planned to sell the stake in Kyrgyztelecom for at least $45 million.

Germany's Detecon won a previous tender in 2004 for the stake after offering $16.2 million but the Central Asian state's parliament cancelled the deal, saying the price was too low.

Turk Telekom, which is controlled by Dubai-based Oger Telecom, was listed on the Istanbul Stock Exchange in May when the government cut its stake to 30 percent by listing a 15 percent holding. (Reporting by Thomas Grove; Editing by Quentin Bryar)



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