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.
The settlement was paid in accordance with an arrangement with Telsim
and the Turkish Savings and Deposit Insurance Fund (TMSF), which sold Telsim
's assets to Vodafone.
Vodafone is buying up Telsim
- Turkey's second-biggest mobile phone firm - and concern at the high price pushed the group's shares down 2.7 per cent.
The Uzan family controls several Turkish telecommunications companies, including Telsim
and Rumeli Telefon (TRT).
Two weeks ago the judge ruled that Motorola had been a victim of a fraud centering on supply agreements and vendor financing from the US firm to Telsim
TL, the Turkish mobile phone operator owned by the Uzans, and other Uzan-owned firms.
With respect to the $1 billion bond the Court requires the Uzans to post in order to stay execution of the $4.26 billion judgment, the Uzans, according to Judge Rakoff are "[p]leading a billionaire's poverty" and "claim this is beyond their means." Judge Rakoff further stated that: "[A]ny doubt about the defendants' [the Uzans'] hypocrisy and contumacious intent was laid to rest when the Court suggested that, in place of the transfer of Telsim
stock, defendants simply post a bond in this Court ...
The family controls the group that owns the mobile telephone operator Telsim
Mobile, currently being pursued in the United States for fraud.
Mobil Telekomunikasyon Hizmetleri AS, Turkey's No.
Both BT Cellnet in the UK and T-Mobil in Germany launched their GPRS services in June, and Telsim
in Turkey and China United Telecommunications Corporation (China Unicom) launched their GPRS services this month, enabled by the Motorola/Cisco GPRS solution and Motorola's GPRS handsets.
The Finnish telecommunications hardware manufacturer Nokia has announced that it has secured a record USD900 million contract (Euro 945 million) to extend the Turkish mobile operator Telsim
The second is held by Telsim
, owned by Rumeli Holding and Motorola of the US.
For Cypriots, the only way of having coverage throughout the island is to carry two different SIM cards -- one by Telsim
or KKTCELL for the north and one by Cyta, Primetel or MTN in the south.