Abu Dhabi's Gulf Capital invests $15m in Turkish telecom firm
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Abu Dhabi's Gulf Capital invests $15m in Turkish telecom firm

Abu Dhabi's Gulf Capital invests $15m in Turkish telecom firm

Abu Dhabi-based Gulf Capital has said its regional credit and mezzanine fund, Gulf Credit Partners, has successfully completed an investment in Turknet Iletisim Hizmetleri. TurkNet is a provider of broadband internet services, long distance telephony services, and corporate telecom, wholesale and hosting services in Turkey. "This institutional investment will enhance TurkNet's rate of growth. Gulf Capital has demonstrated a sound understanding of our business and has shown great flexibility in tailoring a financing solution in line with our strategic growth plans for telephony, broadband, cloud and IPTV services," said Mehmet Celebiler, co-founder and chairman of TurkNet.

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