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TeliaSonera CEO: Award From Cukurova 'Not Very Important'

STOCKHOLM -(Dow Jones)- The head of Sweden's TeliaSonera AB (TLSN.SK) Wednesday said an award of around $1 billion in damages from Turkish conglomerate Cukurova Holding is "not very important," and that the focus should be on breaking the board deadlock at their shared holding Turkcell (TKC), Turkey's leading mobile company. The comments by Chief Executive Lars Nyberg were made at the company's third-quarter results presentation in Stockholm. Turkcell has been the subject of a long running battle for control between Sweden's TeliaSonera and Russia's Altimo, a unit of Russia's Alfa Group, on one side, and Turkey's Cukurova on the other. -By Sven Grundberg, Dow Jones Newswires; +46 8 545 130 98; sven.grundberg@dowjones.com

Stock News for Turkcell Ilet (TKC)
DateTimeHeadline
05/14/201306:56:13Turkcell Seeks Board Approval to Distribute At Least 50% of Profit...
04/17/201305:16:38Turkcell to Hold General Assembly on May 22
03/12/201306:04:12Turkey's Regulator Appoints Three Independent Board Members to...
03/04/201305:54:11SUBSCRIBERS: Please Disregard Headline on Turkcell Majority Stakeholders
01/30/201307:48:22Turkcell Controlling Stakeholder Cukurova Could Redeem Shares...
10/30/201211:31:54MTN Uganda Executives On Trial Over $27 Million Tax Scam
10/19/201202:49:36Turkcell Third-Quarter Net Profit Slightly Above Expectations
08/08/201203:09:47MTN Posts Strong Growth in Revenue, Subscribers
07/26/201203:18:46Turkcell Beats Expectations with Second-Quarter Net Profit
07/12/201205:13:09S Africa's Foreign Ministry Suspends Former Iran Ambassador On...
06/29/201206:25:48TeliaSonera Regrets Postponement of Turkcell AGM, Supports Dividend
06/26/201211:12:39Turkcell EGM to Be Postponed Amid Shareholders' Disagreement
06/25/201204:36:13Turkcell Deadlock Set to Continue after Regulator Decision
06/01/201205:56:08TeliaSonera Hopes To End Turkcell Boardroom Deadlock In June
05/03/201204:06:35Turkcell Profit Lifted By Higher Net Financial Income
04/19/201201:56:23TeliaSonera Net Profit Down, As Income From Subsidiaries Declines
04/01/201213:45:23Ex-MTN CEO Denies Bribery Allegations Against Company
03/29/201204:45:13Turkcell Files Suit Against MTN In US Courts
03/07/201205:22:09MTN Will Only Exit Iran If South Africa Applies Sanctions -CEO
02/23/201204:41:22Turkcell Net Profit Falls Mainly Due To Belarus Operations

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