Turkcell may bid for Cosmofon

Bloomberg

The largest Austrian phone company Telekom Austria AG and Telekom Slovenije d.d., Slovenia’s state-owned phone company have also expressed interest in the acquisition Cosmofon, which is owned by Hellenic Telecommunications Organization SA, Imerisia said.

The sale process will be completed in the next three months and Cosmofon is expected to sell for more than 250 million euros ($320.8 million), the newspaper said, without citing anyone. Cosmofon, which has 640,000 clients in the country of 2 million, is being sold after Deutsche Telekom AG, which also has a phone business in the former Yugoslav republic, took a stake in Hellenic Telecom.