Ankara-based satellite operator Turksat is to mount an IPO next year provided Turkey’s government approves a change in local regulations to permit the move.

Tuirksat’s CEO Ensar Gul said he expects the new Justice and Development Party government, formed by Prime Minister Ahmet Davutoglu last month, to change the company’s articles of association to allow the sale.

Turksat was spun off from Turk Telekom some 10n years ago. It currently operates 4 satellites and has plans to launch another pair in 2018, and  another in 2020.  By 2023 it says it wants to be operating 10 satellites.

Turksat also operates the nation’s cable TV operation with 1.2 million subscribers.

Other posts by :

1. Bank: AST SpaceMobile will orbit 356 satellites by 2030
2. SpaceX launches 600th rocket
3. Starlink: 10m customers and counting
4. SES predicts end of ‘big’ Geo satellites
5. Amazon Leo gets approval for 4,504 extra satellites
6. SpaceX gets a portion of India
7. TerreStar wants to build LEO network
8. Musk: “No Starlink phone”
9. Russia accused of eavesdropping on satellites

Categories: Articles, Business, IPO