Browsing: Mehmet Emin Karamehmet

By many measures, Turkcell is thriving. It is Turkey’s biggest mobile operator, serving 35m subscribers there and another 30m through subsidiaries and minority stakes in other countries. It boasts 10bn Turkish lira (US$5,6bn) in annual revenues and a market capitalisation of $10,7bn (it is listed in both New York and Istanbul). And all

MTN’s Turkish rival, Turkcell, which is suing the Johannesburg-based cellphone giant for US$4,2bn, is embroiled in a bitter internal battle as shareholders square up for control of the company. Turkcell, listed in New York and Istanbul, has a market capitalisation of $11bn. In court papers filed in the US recently, Turkcell accused