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Technology / AI and automation

TURKEY LOOK FOR BIG RETURN ON PHONE PRIVATISATION

Turkey is looking for big bucks from privatisation of the national phone company, Reuter reports from Istanbul: officials at the postal and telecommunications monopoly have started work on hiving off the profitable telephone networks from loss-making postal services in readiness for the privatisation; the operation has $1,520m of assets with a total telephone capacity of over 10m lines and expects $63.5m, over double 1991’s $26.2m; the government is optimistically looking to a total of $14,000m to $18,000m from the privatisation over time, with the opening likely to be sale of 20% to a foreign operator for $2,000m to $3,000m; it has now linked networks in 20 cities with fibre-optic lines and big cities have digital switches.

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