Bloomberg News

Court Suspends Turk Telekom Retail Internet Move, Group Says

February 17, 2012

(Updates with group’s comments in the second paragraph, shares in third.)

Feb. 17 (Bloomberg) -- Turkey’s top administrative court ruled that Turk Telekomunikasyon AS can’t market retail Internet services in addition to wholesale, upholding an earlier verdict by the country’s antitrust board.

The court suspended the telecommunications regulator’s decision allowing Turk Telekom to participate in the retail market, the industry association Telkoder, which filed the case, said in an e-mailed statement today, citing the top court’s decision.

Turk Telekom rose 0.5 percent to 7.44 liras at the 5:30 p.m. close in Istanbul. The main share index rose 1.8 percent.

--Editor: Aydan Eksin

To contact the reporter on this story: Ercan Ersoy in Istanbul at eersoy@bloomberg.net

To contact the editor responsible for this story: Benedikt Kammel at bkammel@bloomberg.net


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