Support The Moscow Times!

Turkcell Row May Be Resolved

TeliaSonera said the board of Turkcell next week might propose a dividend and a general shareholder meeting, signaling that owners of the Turkish mobile phone firm had made progress in resolving long-standing legal battles.

Complex ownership disputes between TeliaSonera, Turkey's Cukurova Holding and Russia's Altimo have left Turkcell unable to agree on a board and approve dividend payments since 2009.

This week, the Turkish regulator, Capital Markets Board, said it had appointed three independent directors to Turkcell's board and removed three board members, a decision welcomed by the three main shareholders, who have been at loggerheads since 2005 over control of the group.

A meeting of the new board is expected to take place on March 20, Teliasonera said on Thursday.


Read more

Independent journalism isn’t dead. You can help keep it alive.

As the only remaining independent, English-language news source reporting from Russia, The Moscow Times plays a critical role in connecting Russia to the world.

Editorial decisions are made entirely by journalists in our newsroom, who adhere to the highest ethical standards. We fearlessly cover issues that are often considered off-limits or taboo in Russia, from domestic violence and LGBT issues to the climate crisis and a secretive nuclear blast that exposed unknowing doctors to radiation.

As we approach the holiday season, please consider making a one-time donation — or better still a recurring donation — to The Moscow Times to help us continue producing vital, high-quality journalism about the world’s largest country.