Turk Telekom selected Alcatel for Rural Telephony
Shares in Turkish telecommunications company Alcatel Lucent Teletas rise 7.23 percent to 1.78 lira after news that it won a tender for a $41.3 million project. "The move is due to the news of their project with Turk Telekom, which at 22 million euros is a significant one for them as their market capitalisation is only $55 million," says Mehmet Ilgen, head of sales at Ata Invest. The project, organised by landline operator Turk Telekom to bring telephony to remote areas in rural Turkey, is expected to be completed within two years, the company says in a statement.
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