Presidency Opened the Way to Privatization of TT

President Sezer, the president of republic approved the bill excluding public utilities operating in sectors of energy, water, transport and telecommunication and foundational universities from the scope of Act regarding Public Tenders. As product and service purchases and production work by such utilities below the price worth of 2,3 trillion Turkish Liras are taken out of the scope of the act, tenders of those above such price will be in the scope of the Act regarding Public Tenders.

Another bill approved by Sezer, the President, covers privatization of Turk Telekom and National Lottery Service. The usage of share stocks and convertible investment instruments is allowed in privatization of Turk Telekom by such bill. The bill in question also allows Turk Telekom’s GSM company AYCELL to merger with another GSM operator.