Avea sees 9 mln users changing networks Avea, Turkey's third-biggest mobile phone company, expects up to 9 million users to change networks after the government introduces rules in November allowing customers to keep their phone numbers when switching operators, Vatan newspaper said. The cost of changing networks shouldn't exceed YTL 5 ($4) and the process shouldn't take more than a day when number portability is introduced on Nov. 9, the newspaper quoted Avea Chief Executive Officer Cüneyt Türktan as saying.
ISTANBUL - Bloomberg
GSD Holding starts talks with potential buyers
GSD Holding, a Turkish company with interests in textiles and banking, said its adviser JPMorgan Chase & Co. started talks with potential buyers of its banking unit Tekstil Bankası, according to a filing with the Istanbul Stock Exchange late Monday. GSD had announced in March that it's seeking a buyer for Tekstilbank.
ISTANBUL - Bloomberg
Şeker Piliç targets YTL 240 mln in sales
Şeker Piliç, a Turkish poultry producer, targets sales of YTL 240 million ($194 million) this year, an increase of 41 percent, Hürriyet newspaper reported yesterday, citing Chairman Ali Bor. Şeker Piliç, based in Bandırma in northwest Turkey, will boost revenue by increasing capacity by 40 percent, Bor said, according to the newspaper. Şeker Piliç had a revenue of YTL 170 million in 2007, he said.
ISTANBUL - Bloomberg
Şişecam to seek 5-year syndicated loan
Şişecam, Turkey's biggest glassmaker, will seek a five-year syndicated loan of $200 million. The Istanbul-based company authorized a bank to arrange the loan on international markets, Şişecam said in a filing with the Istanbul Stock Exchange Monday night, without identifying the lender.
ISTANBUL - Bloomber
Corio acquires İskenderun shopping center
Corio, the largest Dutch real-estate investment company, bought the İskenderun shopping center in Turkey. Total investment in the center is expected to be 116 million euros ($182 million), the Utrecht-based company said in a statement yesterday. The İskenderun shopping center is Corio's tenth in Turkey. In May, the company bought land in eastern Turkey to develop a shopping mall. It also operates in France, Spain, Italy and the Netherlands.
AMSTERDAM - Bloomberg
Two more coal-fired plants to be licensed
The government may sell a license to build and operate two coal-fired power plants at its Afşin-Elbistan field after it holds an auction for two other plants, Energy Minister Hilmi Güler said. Selling licenses for the new plants will be on the agenda once the tender for the so-called C and D plants at the field iscompleted, Güler told reporters yesterday in Ankara. Turkey received three bids on June 26 for the C and D units at the country's largest reserve of lignite coal and should hold the auction in weeks or months. Turkey plans to spend $1 billion in the "coming period" to make cleaner power at existing plants, Güler said.
ISTANBUL - Bloomberg