Turkey to Privatise Telecom Company, Two Tyre Manufacturers Involved

The Turkish government is planning to privatise its national communications company, Türk Telekomünikasyon AS (Turk Telecom). Two tyre manufacturers have been linked to the prospective bidders. One of the favourites to complete the purchase is Oyak, the Turkish army pension fund, which is involved in a joint venture with Goodyear. But at the same time Telecom Italia, controlled by Pirelli, is also said to have a good chance of winning.