It looks like the long and ridiculous dispute between Turkcell's (NYSE:TKC) owners, a dispute that has held up a dividend for literally years, may finally be at an end. Not only that, while Turkcell is still seeing significant competitive pressures in its core Turkish voice market, the underlying earnings performance has been pretty decent.
There are still plenty of unknowns here - will Turkcell pay a dividend in 2014? Will Altimo exit its position (and if so, how?)? Will Turkcell's competitors get more rational and allow for market repair? Although there could be some upside in the resolution of these questions, the move in the shares has me thinking that it may be time to call it...
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