The bill enables foreign investors to take part in the Turk Telecom tender.
The bill which is approved by the plan and budget commission foresee the sale of more than 50 % of Turk Telekom shares under the condition of taking precautions to preserve national benefits related to the national security.
In case the public part drops under 50% by the sale of Turk Telekom shares, the bill regulates the positions of original and permanent staff and those under personnel by contract status, those personnel who are not under a contract and do not want to continue working with Turk Telekom and those who want to continue working with Turk Telekom but their request wasn’t approved by the administration committee.
After the share turnover agreement has been signed, the above mentioned personnel list will be announced to the state personnel chairmanship. These personnel will be transferred to the public institutions and public organizations by the state personnel chairmanship. Those personnel transferred to the other public institutions and organizations and who are not under contract status but dependent on the business laws will not receive compensation.
This bill takes into consideration the satellite services by Turk Telekom and their strategic importance in terms of national security and state defense and enables that these satellite services will be regulated by another incorporated company, namely Türksat A.Ş. The start capital of Türksat A.Ş will be 125 trillion TL and this amount will be compensated by Turk Telekom.
This bill also regulates that entrepreneur’s cell phone and wireless usage permit payments will be transferred to the Telecommunications Institution. Under the framework of GSM duty and privilege agreements signed with Telecommunications Institution, mobile service provider telecommunications enterprises and other enterprises providing telecommunications services under the authorization from the Institution are obligated to collect subscriber’s mandatory wireless permit and usage fees that they have to pay to the Institution and transfer these fees to the Telecommunications Institution’s account.
With the bill presented in the PTT’s Staff Saving Fund liquidation, the number of the members in the Telecommunications Institution will increase from 4 to 6. In addition to that sea correspondence and movement security services, except the sea correspondence services through satellite, under the Turk Telekom constitution and regulated by the wireless administration manager will be executed by the shore security and vessel rescue administration general director.
With the implementation of the bill, foreign nationalities will have a share of more than 49 percent in the privatization of the harbors process without the ownership turnover.
Kaynak : 