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Turkcell to acquire 80% of Belarus’ BeST

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Turkey’s largest mobile operator Turkcell is to acquire an 80% stake in state-owned BeST (Belarusian Telecommunications Network) for $500 million. Turkcell will pay $300 million up front followed by two further payments of $100 million at the end of 2009 and 2010, respectively. An additional $100 million will be paid when BeST records a full-year positive [...]

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