Cukurova being sued for $1.7 billion

The Russian telecom firm Altimo said it is suing its Turkish partner in Turkcell, Cukurova, for breach of contract and failing to payback a $1.7 billion loan.

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One response to “Cukurova being sued for $1.7 billion

  1. Sounds typical bullying behaviour on behalf of Alfa Group. Do they ever co-operate with their fellow shareholders?
    Funny how Altimo (the telecoms arm of Alfa) always buy shares of other telecoms companies; never enough to go it alone. Are they scared they will fail because their reputation is so low. As proof one only needs to look at the way Vodafone turned their noses up at them when they offered a partnership late last year.

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