Tuesday, April 17, 2007

UPDATE 1-Altimo says Cukurova breaches contract

(Reuters) - Altimo also demanded the Turkish firm immediately pay an outstanding $1.35 billion in debts, it said in a statement.

Under their deal, Altimo had lent Cukurova $1.7 billion and took a 13.22 percent stake in the Turkish telecom giant.


Read more at Reuters.com Mergers News

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