Legal
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Turkish Banks Take Over Largest Phone Operator After Default
A group of Turkey’s major banks took control of Turk Telekom AS, the nation’s largest phone company, setting it up for a likely sale after previous owner Otas defaulted on a multi-billion-dollar loan. Akbank TAS will hold 35.6 percent of the special purpose vehicle set up to take on Otas’s…
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Click here to read the full story: Bloomberg