Turkey to sell Telsim

Turkey's government plans to sell Telsim, the country's second-largest wireless carrier. Telsim is valued at roughly $2.8 billion. Telsim, along with 200 other businesses once owned by the Uzan company, was taken over by the Turkish Saving Deposits Insurance Fund last year to collect debts stemming from the group's bank, Imar. The sale of Telsim has been delayed due to outstanding debts the carrier owes to Nokia and Motorola. Telsim claims 8 million subscribers.

For more on the pending sale of Telsim:
- check out this piece from BusinessWeek