D-Smart, a division of media conglomerate Dogan Yayin Holdings, is set to bid for DigiTurk – Turkey’s Number 1 pay-TV broadcaster with around 5 million subscribers.
DigiTurk is majority owned by Turkey’s Savings Deposit Insurance Fund as compensation for an unpaid debt of $455 million owed by Cukurova Holdings . Providence Equity Partners owns 46 per cent.
D-Smart is Turkey’s second pay-TV operator, and has around 1.6 million subscribers. D-Smart’s owner is Dogan TV Digital Platform Isletmeciligi AS.
Cukurova is expected to start the sale process soon, under the supervision of the Savings Deposit Insurance Fund, and it could also mean the exit of Providence Equity.