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January 10, 1988

TELETAS, TURKEY TO BE PRIVATIZED

By CBR Staff Writer

The first privatisation in Turkey is to be communications equipment maker Teletas, which is 39% held by Alcatel NV: the state holds 40% and will reduce that to 18% by sale of 22% of the equity to employees and the public next month in a flotation expected to raise about $15m.

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