UPDATE 1-Turk Telekom bids to buy rest of mobile firm Avea

April 22, 2015 11:02 AM

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ISTANBUL, April 22 (Reuters) - Turk Telekom offered on Wednesday to buy the remaining $300 million stake it doesn't already own in mobile company Avea, a deal that would allow it to avoid having to float the struggling wireless firm.

Saudi-owned Turk Telekom, which also reported a 93 percent drop in quarterly earnings, owns 90 percent of Turkey's third-largest mobile company, with the remainder held by lender IS Bank and other investors.

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