Law360, New York (September 30, 2011, 3:06 PM ET) -- Swedish telecom company TeliaSonera AB said Friday that an arbitration panel for the International Chamber of Commerce had awarded it $932 million in damages in its long-running tussle with a rival shareholder over control of Turkish cellphone operator Turkcell.
In 2005, TeliaSonera struck a deal to buy partner Cukurova Group's shares of Turkcell for $3.1 billion, but Cukurova, owned by Turkish businessman Mehmet Karamehmet, backed out of the deal at the last moment, touching off years of litigation. In 2009, TeliaSonera joined forces with conglomerate Alfa...
TeliaSonera Wins $932M In Tussle Over Turkcell
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