HESA states that the then-government, a three-party-coalition, signed two licensing contracts with the GSM operators Turkcell and Telsim
Last week a US judge ruled that Motorola had indeed been a victim of a fraud centering on supply agreements and vendor financing from the US firm to Telsim
and other Uzan controlled companies beginning in 1998.
Under the agreements, Motorola provided Telsim
with equipment financing, financing to purchase a GSM cellular license from the government of Turkey as well as the major supply components for a GSM cellular telephone system.
Vodafone purchased Turkey's GSM operator Telsim
on May 24, 2006.
The company lost almost 3% of its market value after it emerged it had won the bidding race for Turkish firm Telsim
With some five million subscribers, this far outshone Avea, and, as Telsim
has also been slated for sell-off by the authorities--most likely next year--many felt the major GSM players would stay away from TT and wait for Telsim
Motorola Inc claimed another victory yesterday in its legal battle with the Uzan family which controls Turkish cellular operator Telsim
Uzan has had all his assets frozen by Manhattan's US District Court under racketeering legislation after international telecoms giants Motorola and Nokia jointly sued his Turkish phone company, Telsim
, for defaulting on loans totalling more than $700,000.
The seized companies included the Star Media Group, cement makers and GSM operator Telsim
Gharavi points out that ICSID Tribunals have already held Kazakhstan liable for similar takings, including the Rumeli & Telsim
Uzan Family, a former media mogul and the once-owner of Telsim
-- a Turkish mobile phone operator -- has lost a $19 billion law suit against Turkey's Savings and Deposit Insurance Fund at an arbitration court in Paris.
The mobile giant lost almost three per cent of its market value after it emerged it had won the bidding race for Turkish firm Telsim