Turkey: Dhanus buys Turkish telecom
Link: Turkey: Dhanus buys Turkish telecom
The Chennai-headquartered Dhanus Technologies has acquired Turkey’s first alternative telecom operator - Borusan Telekom. While the acquisition cost of Borusan Telekom was not immediately known, Dhanus has indicated its plans to invest about $200 million in Europe, West Asia and Canada for M&A purposes. The company’s Vice Chairman,. S. Muthukrishnan, said Dhanus was moving towards becoming a global provider of efficient telecommunication services by combining different technologies on the same platform. On the recent acquisition, he said: “With 34 POP stations (of which 32 were within Turkey and 2 abroad) Borusan offers one of the strongest alternative networks. It will now contribute to the consolidation of the market and help enhance our scale of operations.”
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