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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
10/24/201405:02:06Turkcell's 3Q Net Profit Rises 8% on Soaring Broadband Sales
07/25/201411:54:45Cukurova and Alfa Agree on Term for Financing in Turkcell Stake
05/13/201406:38:11Turkcell Holder Cukurova Must Pay $1 Billion in Damages to TeliaSonera:...
04/25/201405:02:32Turkcell First-Quarter Net Profit Hit By Ukraine Operations
04/23/201402:40:07TeliaSonera 1st Quarter Revenue, Profit Decline
04/23/201402:25:12TeliaSonera First-Quarter Revenue, Profit Decline
02/05/201409:52:08Turkcell Shareholder Cukurova Gets Extension on Payment to Alfa...
01/02/201409:04:15Turkcell Says Faces TRY527.7 Million Tax Demand and Fine
11/15/201309:01:37HBK Investments LP 3Q 13F: Largest Eliminations
11/15/201309:01:27HBK Investments LP 3Q 13F: Largest Purchases
11/15/201309:01:27HBK Investments LP 3Q 13F: Largest Sales
11/15/201309:01:27HBK Investments LP 3Q 13F: Largest Eliminations -2-
08/16/201306:53:36Turkish Regulators Move to End Turkcell Quagmire
07/29/201311:55:22UK Court Grants Turkcell's Stakeholder Cukurova Extension to...
07/16/201309:02:12Turkcell Holder Cukurova Seeks Extension For $1.56 Billion Alfa...
07/16/201306:15:09Turkey's Regulator to Appoint Two Board Members to Turkcell
07/09/201310:13:11TeliaSonera Welcomes UK Court Decision on Turkcell
07/09/201306:09:58Turkcell Majority Stake to Cost Cukurova $1.56 Billion, UK Court...
06/24/201306:24:16TeliaSonera: Regrets Turkcell's Failed AGM
05/29/201311:36:08Turkcell To Hold Postponed Annual General Meeting on June 24

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