Dervis sees '\'difficulties'\' in Telekom sell-off law

Published May 8th, 2001 - 02:00 GMT

Turkish Economy Minister Kemal Dervis said on Monday, May 7, drafting a law to allow the sale of most of landline monopoly Turk Telekom had run into "difficulties" but he was hopeful the bill would move on to parliament. 

 

"There is no legal problem with Telekom. I have never given up hope. There are a few difficulties, God willing it will be signed," Dervis told reporters as he went into a meeting with leaders of the coalition government. He did not elaborate. 

 

The law allowing for a privatization of most of Telekom, most likely with a limit to foreign ownership and a golden share for the Turkish state, is a central pledge to the International Monetary Fund in return for some $10 billion in crisis loans. 

 

But drafting the law has been slow, with reports of objections from both Turkey's influential generals on national security grounds and constitutional queries raised by nationalist Communications Minister Enis Oksuz. — (Reuters, Ankara) 

 

© Reuters 2001

© 2001 Mena Report (www.menareport.com)

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