ISTANBUL, June 16 (Reuters) - Turkey’s Wealth Fund is in talks to buy a stake in Turkish telecom company Turkcell that is owned by Swedish telecom operator Telia , Bloomberg HT reported on Tuesday, citing unnamed sources.
The talks between the fund and Telia were at an advanced stage, the sources said. Telia owns 24% of Turkcell’s shares.
Turkcell’s shares were up 2.08% at Tuesday’s close. Telia shares were up 5.5% before trading in the stock was suspended.
Telia, Turkcell and the wealth fund were not immediately available for comment.
Reporting by Ezgi Erkoyun; Writing by Ali Kucukgocmen; Editing by Edmund Blair