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Turksat plans IPO

With Turksat’s latest satellite (Turksat 4B, on October 16th) now safely launched, the next challenge is to mount an IPO, says the firm’s CEO. International Launch Services carried out the 4B launch using a Proton rocket from the Baikonur spaceport.

Ensar Gul, chairman and CEO at Turksat, says that an international firm of auditors has been hired to prepare for an IPO, but he gave no details as to the size or date of the potential offering.

Currently, Turksat is a wholly-owned division of Turk Telekom, although has been operating independently since 2004.

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