Hurriyet - British mobile communications company Vodafone’s Turkish branch has announced the acquisition of Koc.net, an alternative provider of broadband and telephony services in Turkey.
The deal worth TRY 30 million (approx. USD 17.8 million) for 99 percent of Koc.net stakes, follows Vodafone Turkey’s acquisition of Borusan Telekom, another local telecom company early last year.
The move will enable Vodafone to enter into Turkey’s broadband internet services market, totaling at 35 million users in 2010 figures.
Koc.net’s corporate customer base of 75,000 users has expanded to include 150,000 individual subscribers since 2008, when the company first started to provide internet and telephony services under its BiRi brand.