Dhanus Technologies buys Turkish telecom firm
In a mega acquisition by a domestic telecom giant, Chennai-based Dhanus Technologies has acquired Borusan Telekom, Turkey's first alternative telecom operator with A type (broad) licence. Dhanus Technologies provides global call cards and GPS tracking devices.
The Indian firm has reached an understanding with Borusan Holding for 100 per cent acquisition of Borusan Telekom, supporting its growth strategy for Europe, a company release here said.
Underlining the aggressive growth process of Dhanus Technologies in global markets, vice chairman S. Muthukrishan said: "Turkey has a strategic position for us between Asia, Europe and Africa".
"As we step into European markets, we have decided to start with Turkey. With a total of 34 point of presence (POP) stations, 32 within Turkey and two abroad, Borusan Telekom has one of the strongest alternative networks in Turkey."