Mobile phone operator Turkcell said that it was considering acquiring some of the Eurasian assets of its shareholder TeliaSonera. Turkcell is the minority shareholder in a joint venture with the Swedish company called Fintur, which operates telecommunications in Kazakhstan, Azerbaijan, Georgia and Moldova. "In line with our growth strategy in the region and as the minority (41.45 percent) shareholder in Fintur in order to explore our strategic options to acquire the remaining stake in Fintur, we have initiated the process to appoint a strategic and financial advisor," Turkcell said in a statement filed with Borsa Istanbul. TeliaSonera, which is one of Turkcell's major shareholders and also Turkcell's partner in Fintur with a 58.55 stake, announced on Thursday its initiation of a process of selling off its Eurasian assets. The countries TeliaSonera plans to exit include Nepal, Kazakhstan, Uzbekistan, Azerbaijan, Georgia, Moldova and Tajikistan. Turkcell's shares have been traded on BIST and NYSE.
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