August 22, 2013 10.36 Europe/London By Chris Dziadul
The Savings Deposit Insurance Fund of Turkey (TMSF) is understood to be close to initiating a tender for the sale of Digitürk.
According to local and agency reports, the TMSF and Çukurova Holding are in fact looking at several options, including a direct sale or a tender.
The TMSF took control of Digitürk and several other assets belonging to the financially troubled Çukurova Holding back in May.
Since then, it has sold two TV interests Show TV and Sky 360 TV to Ciner and a consortium composed of the Turkish companies Kolin, Limak and Cengiz, in the former instance for TRY402 million (153 million).
Digitürk has already attracted interest from a number of companies including Türk Telekom and D-smart.