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Sorainen Helps Turkey Wealth Fund Obtain Antitrust Approval for Acquisition of Belarusian Telecommunications Network

Sorainen Helps Turkey Wealth Fund Obtain Antitrust Approval for Acquisition of Belarusian Telecommunications Network

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Sorainen has helped the Turkey Wealth Fund obtain approval from the Ministry of Antimonopoly Regulation and Trade of the Republic of Belarus for the acquisition of control over Belarusian Telecommunications Network CJSC, one of three Belarusian mobile network operators and a member of the Turkcell group.

The Turkey Wealth Fund, which was established in August 2016, provides equity to strategic investments in Turkey.

With more than one million clients, the Belarusian Telecommunications Network is the third biggest mobile network operator in Belarus. It operates under the "life:) brand" that was implemented by the company after the acquisition of an 80% stake by Turkcell in 2008. The remaining 20% is held by the Belarusian Government.

Sorainen’s team included Partner Alexey Anischenko, Senior Associate Viktoryia Mikhnevich, and Associate Aliaksei Vashkevich.

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