Redington's step-down subsidiary, Arena Bilgisayar, has secured approval from the Turkish Competition Authority.

This allows Arena to proceed with non-binding negotiations for the transfer of a Device Distribution and Supply Agreement.

The agreement is between Arena Connect Teknoloji, an Arena subsidiary, and Vodafone Dağıtım. This development signals a potential shift in Arena's distribution strategy.

Investors should monitor progress as definitive agreements could impact future operations.