Turkcell has secured the full ownership of Belarusian Telecommunications Network - BeST, branded life:) - after scooping up the final 20 percent stake it did not own.

The Turkish telco has acquired the final chunk from the Republic of Belarus’ State Asset Committee.

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Comms Update reports that the purchase took place on December 9 at a purchase price of $1,165.66 per share.

Turkcell has signed an agreement with BeST and the Republic of Belarus that will see the company invest at least $100 million in the telecoms infrastructure between 2022 to 2032.

This investment agreement also stipulates clauses on paying an additional amount of $100 million over 10 years from at least 50 percent of the annual net profit of CJSC BeST, confirmed Turkcell.

Turkcell first acquired a stake in BeST back in 2008, when the company paid the State Property Committee of Belarus $500 million for an 80 percent stake in the operator.

BeST was registered in November 2004, and first started providing GSM communication services in March 2005.

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