Announced

NJJ Capital to acquire Lifecell from Turkcell for $384m.

Synopsis

NJJ Capital, a private equity firm, offered to acquire Lifecell, a telecommunication services provider, from Turkcell, a mobile phone operator, for $384m. The sales come a few months after Ali Taha Koc was appointed as the company’s new chief executive officer. Koc had served as a counselor in the Turkish government and was subsequently appointed as the head of information technologies at the Turkish Presidency.

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