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Tellza divests investment in Rightway Holdings

Tellza Inc. divested its nontelecommunications portfolio investment in Rightway Holdings LLC.

The company said Sept. 9 that it used the proceeds to repay all amounts owing to its senior lender under its credit facility.

Tellza also said its nontelecommunications portfolio investment in Merkez Factoring AS has ceased operations due to the economic turmoil in Turkey. Tellza has taken a noncash reserve against this portfolio investment.

Huseiyn Kizanlikli, a Turkey-based director of Tellza, left the company's board.