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Qatari phone carrier Ooredoo QSC decided to bid for the insolvent owner of Turkey's biggest telecommunications company to rival an offer from Saudi Telecom Co., three people with knowledge of the matter said.The plan by Saudi Telecom, which owns 35 percent of Otas' parent, Oger Telecom, involves buying the company via a $750 million cash injection and committing to restructure a further $4 billion of debt.Other parties to the talks are the Turkish Treasury, which has a 25 percent stake in Turk Telekom, and Saudi Telecom.Akbank rose 0.6 percent to 9.14 ($2.31) liras, while Garanti Bankasi gained 0.3 percent to 9.69 liras in Istanbul. Turk Telekom was trading down 0.5 percent at 5.65 liras.
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