Digiturk IPO this year
Turkey’s DTH pay platform Digitürk is planning a stock market flotation just a year after the private equity company Providence Equity Partners bought a 47% stake in the operator. The float would value the company at around $1.5 billion (€1.1bn). It is anticipated that 30% of the pay-TV operator would be offered to the market in what are seen as currently favourable conditions. Digitürk launched in March 2000 and is controlled by the conglomerate Cukurova, whose interests also include the mobile operator Turkcell. Around 1.2 million subscribers receive a package of 130 channels distributed from Eutelsat W3A (7 degrees East).