Turkish fixed-line telephone operator Turk Telekom has its sights set on Eastern Europe as it looks to invest as much as $1 billion in acquisitions, an executive from its majority shareholder said. Oger Telecom chief business development officer Hakam Kanafani told Reuters Financial Television on Saturday that Turk Telekom was studying possible opportunities coming up in Kosovo, Kazakhstan, Romania and Bulgaria. “In the CIS nations, Asia and the Middle East in general, this is where the growth will happen on the telecommunication and internet side,” Kanafani said on the sidelines of the World Economic Forum at the Dead Sea, Jordan. “Turk Telekom is looking to expand in regions around Turkey.” STC bought a 35 percent stake in Oger Telecom for about $2.56 billion last year.