AzInTelecom €222 million acquisition of 51.3% stake in Azercell

31/3/2018

Private acquisition

Value:

€ 222 million

Dollar value:

$ 245.055 million

Status:

Announced

Date:

31/3/2018

Overview:

Azerbaijan International Telecom (AzInTelecom) has agreed to acquire a 51.3% stake in Azerbaijan mobile operator Azercell from Fintur Holdings for €222 million.
AzInTelecom owned by the Republic of Azerbaijan.
Fintur Holdings is jointly owned by Nordic telecom operator Telia Company and telecommunications group Turkcell.

Jurisdictions:

Netherlands
United Kingdom
Azerbaijan

Deal type:

Private acquisition

Practice area:

M&A

Industry sector:

Technology and telecommunications

Firms:

Dentons

Party: Turkcell (Seller)

Lawyer: Ulvia Zeynalova-Bockin

Houthoff

Party: Telia Company (Seller)

Omni Law Firm

Party: AzInTelecom (Acquirer)

Lawyers: Afag Abdullayeva, Ismail Zargarli, Roman Alloyarov

Sullivan & Cromwell

Party: Telia Company (Seller)

Lawyer: John Horsfield-Bradbury

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