Sunday, February 23, 2014

Turkey President Signs Controversial Internet Law into Force

Turkish journalists hold placards that read "no to censorship and auto-censorships" and "what about news?" as they demonstrate outside the governor’s office to protest censorship and new regulations on media freedoms and Internet bans, in Istanbul, Turkey, Sunday, Feb. 16, 2014.

President Abdullah Gul, Turkey’s head of state, has now joined Prime Minister Recep Tayyip Erdogan in the government’s assault on free speech. On Tuesday Feb 18th 2014, Mr. Gul approved a new law, passed earlier by Parliament, that is intended to help protect Mr. Erdogan and his allies from a widening corruption scandal by tightening government control of the Internet. It would allow the authorities, without a court order, to block web pages under the guise of protecting personal privacy, and to collect users’ browsing histories.
Even before Mr. Gul acted, Turkey already had tough laws blocking thousands of websites, including gay dating sites and news portals considered favorable to Kurdish militants. Google reported in December that requests from Turkish authorities to remove content from its sites had risen nearly 10 times during the first half of 2012. In the first six months of 2013, Google was asked to delete more than 12,000 items, making Turkey the No. 1 country seeking to excise Google content.
The new law is a transparent effort to prevent social media and other sites from reporting on a corruption scandal that reportedly involves bid-rigging and money laundering. In one audio recording, leaked last month to SoundCloud, the file-sharing site, Mr. Erdogan is said to be heard talking about easing zoning laws for a construction tycoon in exchange for two villas for his family.
The law is just the latest blow to Turkey’s democracy. After more than a decade in power, Mr. Erdogan has become more authoritarian and, as a result, increasingly embattled. The legislature has done little to stop him. The Parliament, in a 20-hour session that involved a bloody fistfight, approved a bill that would tighten the government’s grip on the judiciary. Mr. Erdogan had drafted a new law that would expand powers for his intelligence agency, including eavesdropping.
Freedom House, a human rights group, has warned that Mr. Erdogan’s government is increasingly employing a variety of strong-arm tactics to suppress the media’s proper role as a check on power, including buying off media moguls and forcing the firing of journalists whose coverage is viewed as unfavorable. Turkey has more journalists in jail than Iran or China, according to the Committee to Protect Journalists.
The European Union and the Organization for Security and Cooperation in Europe have spoken out against these developments. The United States has also weighed in but not strongly enough. President Obama, who once had a close relationship with Mr. Erdogan, finally spoke to him after months of indirect communication. It was unclear from a White House statement, however, whether Mr. Obama had explicitly pointed out the perilous course Mr. Erdogan is on, a message he needs to hear. His Islamist-rooted Justice and Development Party’s vision of inclusive democratic governance, which once found favor in the West and among his people, has largely evaporated — imperiling Turkey’s stability and economic growth and its compact with NATO.
After he signed the Internet law, Mr. Gul reportedly lost tens of thousands of followers on Twitter, while the main opposition Republican People’s Party appealed to the Constitutional Court to overturn the law. If this authoritarian trend is not reversed, the cost to Turkey and its reputation as a Muslim democracy will be great — as will be the cost to the West, which has valued Turkey as an ally.

Monitise Buys Turkey’s Pozitron For Up To $100M To Take Its Mobile Money Network To The Middle East





Some consolidation in the world of mobile commerce: Monitise, a UK-based company that works with the likes of Visa to build and roll out mobile payment solutions, has acquired mobile commerce technology provider Pozitron for $100 million in an all-share deal. This is about inorganic expansion: Pozitron is based in Istanbul, Turkey and is most active in its home market and the Middle East, two regions where Monitise has been less strong.
Other acquisitions at Monitise to push geographic expansion have included Clairmail in 2012 for $173 million to expand into the U.S. market. It’s not the only one: in 2011, Visa acquired Fundamo for $110 million to expand into Africa and other developing world markets.
This acquisition of Pozitron further reinforces Monitise's leading position as a global technology enabler at the heart of the Mobile Money ecosystem. It comes at a time when we are seeing increasing demand for interoperable Mobile Money services as payments become more digital by the day, not only in Turkey, Europe and the Middle East but also around the world.
Mobile payments is still a relatively nascent part of the world of commerce. In the U.S., although there were some $4.6 trillion in transactions made in 2013, only around $150 billion were made via mobile devices, according to the Electronic Transactions Association. The thinking here is to tap into the already-strong market ($150b being nothing to sniff at) while positioning for a time when mobile will hold a much larger share.
Pozitron says that it works with some 30 enterprises in telecoms, retail and pharmaceuticals with Turkish Airlines, eBay, ING, BNP Paribas, GlaxoSmithKline and Hepsiburada.com (“Turkey’s equivalent to Amazon”) among its customers, along with a number of large, regional banks. For its part, Monitise says some 24 million consumers use solutions based on its technology, which lets them ‘bank anywhere’, ‘pay anyone’ and ‘buy anything’. Some $50 billion in transactions pass through its systems every year.
Pozitron, founded in 2000, is not your typical startup in Silicon Valley fashion: it had no venture backing (“no VCs” in the words of Monitise’s spokesperson) and is being acquired as a “profitable, debt free” company, but with only $3.8 million in cash. One of its biggest shareholders was it co-founder and CEO, Fatih İşbecer, who now becomes CEO, Middle East & Africa at Monitise. All 130 employees are coming over along with the deal.
It’s a very good news story for the startup scene in Turkey all the same. With the country seen as the doorway to doing business across the Islamic world, VCs like Earlybird are now jumping in with two feet: the Berlin-based investor recently closed a $130 million fund to back startups in Turkey and Central and Eastern Europe.

Turkish Tunnel Opens First Undersea Link Between Two Continents

Once a dream of a Turkish sultan, the Euro-Asian link became a reality on Oct 29th 2013. Some 153 years ago, Turkey’s Sultan Abdul Mejid envisioned an undersea tunnel that would span the Bosporus Strait and link Europe to Asia. It was a bit far-fetched for the time, but it  has become a reality now after Turkey opened the first undersea link between two continents.
More important for Turkish commuters, it could relieve traffic from two heavily congested bridges. The 1.4-km undersea railway promises to zip passengers across the strait in as little as four minutes.
The Sultan’s fantasy project was revived in 2004 by Prime Minister Tayyip Erdogan, who declared, “It fell to us to realize it.” The project ran into frequent delays from archaeological discoveries that unearthed roughly 40,000 artifacts and a graveyard of some 30 Byzantine ships. Critics of the Prime Minister have dismissed the $3 billion dig as a “pharaonic” waste.

Seen above in the picture employees work in the Marmaray Tunnel under the Bosporus Strait in Istanbul on April 18, 2013

Turkey launches satellite to increase Internet speed



A Russia-built rocket carrying Turksat-4A Turkish communications satellite was launched from Kazakhstan  on Feb 14, 2014. Turksat-4A, the fifth satellite launched recently by Turkey is meant to increase internet speed in Turkey to 50 megabytes. The launch clearly demonstrates the country's commitment to fast Internet service. All of Africa will be covered by the Turksat-4A and the Turksat-4B will be launched later this year. Ironically, the launch comes after the Turkish parliament passed a bill that would allow the government to shut down websites without court orders.