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Bullika
Warnings : 1
Ministerial
Joined: 29 Sep 2005
Posts: 3025
Location: World
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http://www.cyprusmirror.com/?newsid=2600&category=3
| Quote: |
Vodafone, the winner of Telsim sell-off by the Turkish Savings Deposit Insurance Fund (TMSF) that offered $4,550 million on December 13, is to buy Turkish Republic of Northern Cyprus (Turkish Republic of Northern Cyprus) Telsim. The British company will pay $30 million more in the frame of the conditions of the bid agreement.
On the other end, the result of the Telsim bid was presented to Telecommunication Institution and the Competition Board. They are expected to announce their decisions in one month. |
Is this allowed with the economic sanctions? |
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city
Site Admin
Joined: 15 Aug 2005
Posts: 3370
Location: Larnaca area
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| I thought Telsim was a turkish company not Turkish Republic of Northern Cyprus as I read from the quote.....? |
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Bullika
Warnings : 1
Ministerial
Joined: 29 Sep 2005
Posts: 3025
Location: World
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it is as far as i know, telsim Turkish Republic of Northern Cyprus belongs to telsim.
Telsim Turkish Republic of Northern Cyprus is different to Telsim in Turkey because it is considered a sister company abroad in another country. |
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respiridus
Deputy
Joined: 26 Oct 2005
Posts: 1965
Location: Pera Orinis, Nicosia, Cyprus
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| Quote: |
| Is this allowed with the economic sanctions? |
Vodafone also owns Cyta GSM (company name: CytaMobile/Vodafone). There's a good chance that this would allow them, under Republic of Cyprus laws, to operate TelSim with the same license they have for operating CytaGSM (if they use the same frequencies).
This could also have the added benefit of actually having - for the first time - our mobiles work in both sides with a single Vodafone card (either Cyta GSM or Telsim).  |
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Bullika
Warnings : 1
Ministerial
Joined: 29 Sep 2005
Posts: 3025
Location: World
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| respiridus wrote: |
| Quote: |
| Is this allowed with the economic sanctions? |
Vodafone also owns Cyta GSM (company name: CytaMobile/Vodafone). There's a good chance that this would allow them, under Republic of Cyprus laws, to operate TelSim with the same license they have for operating CytaGSM (if they use the same frequencies).
This could also have the added benefit of actually having - for the first time - our mobiles work in both sides with a single Vodafone card (either Cyta GSM or Telsim). |
and cheaper phone calls,  |
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erolz
Site Admin
Joined: 11 Aug 2005
Posts: 4195
Location: Kyrenia / Girne
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Telsim Turkey and Telsim North Cyprus were seperate companies but I believe that vodaphone has now bought both entities.
I would not be surprised if they soon implmented roaming from sout cypriot networks to north, but alos keep them as 'international' roaming deals, as that makes much more money for them. |
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Kifeas
Warnings : 6
Ministerial
Joined: 26 Aug 2005
Posts: 2733
Location: Location: Pafos-Cyprus, since 1974 ethnic cleansing. Originally, Lapithos, northern occupied Cyprus.
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| Just to rectify once more the misinformation provided once again by another forum member, Vodafone doesn't own Cyta GSM but instead they have signed a partnership agreement. Cyta Gsm remains in the ownership of CyTA, as a subsidiary company. The Cytamobile-Vodafone is the new trademark that this partnership agreement between CyTA GSM and Vodafone has generated. |
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100%cypriot
Warnings : 4
Ministerial
Joined: 27 Jun 2006
Posts: 2164
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| Kifeas wrote: |
| Just to rectify once more the misinformation provided once again by another forum member, Vodafone doesn't own Cyta GSM but instead they have signed a partnership agreement. Cyta Gsm remains in the ownership of CyTA, as a subsidiary company. The Cytamobile-Vodafone is the new trademark that this partnership agreement between CyTA GSM and Vodafone has generated. |
Oh well You had to spoil it !
We were all getting so excited |
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