 |
|
Turkish telecoms firm joins PLUS
Early-stage telecommunications firm Telekom Atlas On-Line Turkey (TAOLT) has joined PLUS. It placed 28.04 million shares at 28p each, valuing the company at £7.57 million.
TAOLT’s directors hold a 54.7 per cent stake in the business. Chief executive Eytan Levi owns 8.4 million shares, a 30 per cent stake.
Based in Istanbul, TAOLT is the holding company for Mandal and Atlas On-Line Iletisim Sistemleri Ticaret after buying the businesses in July 2006. It is looking to make further acquisitions.
TAOLT serves businesses in Turkey, which deregulated its telecommunications market in May 2004 and now has the fifth largest telecoms market in Europe. As a result, TAOLT has more than 7000 corporate customers.
The company made a net loss of about £357,000 for the nine months to September 2006.
Atlantic Law was corporate adviser to the company.
Related Articles |
Interesting links
Other Sector Watch
- Investment veteran airs fears over UK biotech Oct 21 2008
- Talking rubbish Jul 28 2008
- Crisis?– what crisis? Jul 01 2008
- Let the
drilling begin
May 13 2008 - Bargains on the high street
Mar 13 2008
M&A News
- PLUS admission for TradeLabs Jan 09 2009
- Telereal snaps up a bargain Jan 08 2009
- Doughty Hanson goes shopping for deals Jan 08 2009
- PLUS shell in reverse takeover Jan 07 2009
- Red hot deal for AVC Jan 07 2009
Special Offers
- 2008/09 AIM Guide Nov 12 2008
- Growth Company Investor Magazine: Dec 06 2008
- Cash Shells 2007 - Research report Jul 17 2007
- Venture Capital Trusts Jul 04 2007
M&A Deals
- Neoss gets teeth into £5.5 million Jan 09 2009
- HICL ups stake in Barnet Hospital Jan 09 2009
- MBO at public sector services firm Jan 08 2009
- Compass Group makes headway with KIMCO Jan 08 2009
- Hello Telecom acquires TelNG Jan 07 2009
Business Diary
- M&A Expanding internationally 27th November
- Rosenblatt New Energy Awards 2009 25th February