Datacom is reportedly in talks with Turkcell, a Turkish telecom com pany and Europe’s third largest operator by subscribers, to sell 51 per cent stake.

Datacom is reportedly in talks with Turkcell, a Turkish telecom company and Europe’s third largest operator by subscribers, to sell 51 per cent stake. The deal is expected to peg the enterprise value of Datacom at nearly $2.2 billion. Meanwhile, Turkcell has reportedly asked the Indian promoters of Datacom ?? the Videocon Group and Himachal Futuristic Communications Limited (HFCL) ?? to resolve their differences before entering into a deal.

The Videocon Group will first have to buy out HFCL’s stake in Datacom before Turkcell can buy the stake.