TeliaSonera says Turkcell deadlock more urgent than damages

19.10.2011

Swedish telco plays down award of $1 billion in damages from partner in Turkish mobile operator.

 

TeliaSonera AB must focus on breaking the board deadlock at Turkcell Iletisim Hizmetleri AS, in which it is the largest shareholder with a 38% stake, the Swedish telecoms company's chief executive said Wednesday, while playing down the importance of the $1 billion in damages it received from rival shareholder Cukurova