Mobile operator Vodafone Turkey plans to acquire local ADSL enterprise services firm Koc.net for TRY30m (US$18m) in cash.
An acquisition of Koc.net, which provides fixed voice and data services, will allow UK-headquartered Vodafone to enter Turkey’s…
Mobile operator Vodafone Turkey plans to acquire local ADSL enterprise services firm Koc.net for TRY30m (US$18m) in cash.
An acquisition of Koc.net, which provides fixed voice and data services, will allow UK-headquartered Vodafone to enter Turkey’s ADSL market for the first time.
“The transaction supports Vodafone Turkey’s strategy to expand its enterprise division, which saw growth of 36% in the financial quarter ending 30 June 2011,” Vodafone said in a statement.
Vodafone expects to receive regulatory approval and complete the deal in Q4 2011.
The transaction follows Vodafone Turkey’s acquisition of local enterprise telco Borusan Telekom early last year.
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