Bloomberg News

Alcatel Lucent Teletas Gains on Turk Telekom Contract Invitation

March 02, 2012

Alcatel Lucent Teletas Telekomunikasyon AS (ALCTL), the Turkish unit of Alcatel-Lucent, rose in Istanbul after saying it was invited to sign a contract with Turk Telekomunikasyon AS (TTKOM), the country’s biggest phone company.

Alcatel Lucent Teletas rose 1.9 percent to 3.24 liras at 2:56 p.m., the highest since Feb. 22. Alcatel Lucent Teletas got the invitation for a 30 million euros project and expects to sign the contract within five days, the company said in a statement to the Istanbul Stock Exchange today. The project will be completed within a year, it said.

To contact the reporter on this story: Aydan Eksin in Istanbul at aeksin@bloomberg.net

To contact the editor responsible for this story: Benjamin Harvey at bharvey11@bloomberg.net


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