Gulf Capital Makes a US$15 Million Loan Investment in TurkNet (CEE and CIS)

Source: Gulf Capital

Gulf Capital, a United Arab Emirates-based alternative investment firm, has completed a US$15 million investment in Turkey-based telecommunications service provider TurkNet İletişim Hizmetleri (TurkNet). The transaction was structured through Gulf Credit Partners, Gulf Capital’s credit and mezzanine fund. TurkNet provides broadband internet, long distance telephone and hosting services in Turkey.