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Turkcell İletişim Hizmetleri A.Ş. (symbol: TKC) is Turkey's leading mobile phone operator, headquartered in Istanbul. With a broad range of services, Turkcell stands at the forefront of mobile and fixed voice, data, TV, and digital solutions. The company has significantly expanded beyond Turkey and now operates in the Turkish Republic of Northern Cyprus, Belarus, Netherlands, and Ukraine. Turkcell's strategic business units are divided into three main segments: Turkcell Turkiye, Turkcell International, and Techfin, with Turkcell Turkiye generating the majority of the revenue.
Turkcell is not just a telecom provider; it has ventured into technology solutions with the development of Yaani, a browser tailored for mobile and desktop users. This initiative highlights Turkcell's commitment to enhancing digital experiences and expanding its digital service offerings.
In terms of its financial performance, Turkcell has shown consistent growth, backed by robust network infrastructure and a diversified service portfolio. Recent achievements include the expansion of 4.5G services and initiating 5G readiness programs, ensuring future-proof connectivity solutions for its customers.
Partnerships and collaborations are key to Turkcell’s strategy. The company has secured alliances with global tech giants to enhance service quality and extend innovative offerings to its customer base.
Turkcell's current projects focus on enhancing digital transformation and integrating advanced technologies like AI and IoT to offer more personalized and efficient services. The company is also committed to sustainability, with initiatives aimed at reducing carbon footprint and promoting green energy solutions.
As of now, Turkcell continues to make significant strides in the telecom sector, maintaining its leadership position in Turkey while expanding its footprint internationally.
- High-quality mobile and fixed voice, data, TV, and digital services
- Operates in Turkey, Northern Cyprus, Belarus, Netherlands, and Ukraine
- Three main segments: Turkcell Turkiye, Turkcell International, and Techfin
- Developer of the Yaani browser
- Focus on digital transformation and sustainability
Turkcell CEO Dr. Ali Taha Koç presented the company's sustainability vision at COP29 in Baku, highlighting their commitment to renewable energy and digital solutions for climate action. Speaking at both World Bank and Türkiye pavilions, Koç announced that Turkcell's solar power plant investments will reach $240 million by 2026.
The company aims to become net-zero by 2050 and currently sources all electricity from certified renewable energy. Turkcell is the only Turkish telecommunications company with an approved Science Based Targets initiative (SBTi) goal and achieved 'A' list status in CDP Climate Change reporting. The company also endorsed the COP29 'Green Digital Action' declaration, demonstrating its commitment to sustainable development through digital infrastructure.
Turkcell Iletisim Hizmetleri reported its Q3 2024 financial results. The company operates through four main segments: Turkcell Türkiye (telecom, digital services, and digital business services), Turkcell International (telecom and digital services outside Türkiye), Techfin (financial services), and Other (call center, energy, retail operations). A significant development was the completion of share transfer of Lifecell , Global Bilgi, and Ukrtower operations, which are now classified as discontinued operations. The financial statements are prepared under IFRS and adjusted for hyperinflationary economies (IAS29), with figures expressed in Turkish Lira purchasing power as of September 30, 2024.
Turkcell (NYSE: TKC) CEO Dr. Ali Taha Koç has been elected to the board of directors of the Global GSM Association (GSMA), a leading organization representing the global mobile communications sector with over 1,000 members. The GSMA, founded in 1995, focuses on improving global mobile operator standards and fostering innovation in the mobile ecosystem. Dr. Koç emphasized Turkcell's evolution from a telecom operator to a strategic technology brand, highlighting the company's role in Turkey's digitalization journey and its commitment to contributing to the mobile communications industry's future development.
Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) (BIST:TCELL) released its Q2 2024 financial results, highlighting 'resilient results under inflationary pressures'. The report covers consolidated data for Turkcell and its subsidiaries, with four reporting segments: Turkcell Türkiye, Turkcell International, Techfin, and Other. Notably, Ukrainian operations (Lifecell, UkrTower, Global ) were classified as discontinued operations as of December 31, 2023. The financial data is presented in accordance with IFRS and IAS29, accounting for hyperinflationary economies. All figures are expressed in terms of the Turkish Lira's purchasing power as of June 30, 2024, with non-monetary items restated to reflect inflation impact.
Turkcell (NYSE: TKC, BIST: TCELL) marked its 30th anniversary by ringing the closing bell at the New York Stock Exchange on July 8. Over the past 30 years, Turkcell has invested $27 billion in various sectors, including mobile and broadband services, digital payment systems, and data centers. The company aims to position Türkiye as a global data hub, with recent data center investments surpassing $350 million. CEO Dr. Ali Taha Koç highlighted Turkcell's transformation from a telecommunications operator to an end-to-end technology provider, emphasizing their strategic role in Türkiye's economic and social landscape. A new company, TDC, has been established to further advance Türkiye's status in global data ownership.
Turkcell Iletisim Hizmetleri (NYSE:TKC) reported its first-quarter financial results for 2024, showcasing a strong start to the year. The company reported consolidated revenue of TRY 14.2 billion, a 22% year-on-year increase from Q1 2023. EBITDA increased by 18% to TRY 5.2 billion, while the net profit rose by 12% to TRY 1.7 billion. The company's guidance for 2024 has been upgraded, with an expected revenue growth of 20-22% and an EBITDA margin of 36-38%. Notable segments contributing to this growth include Turkcell Türkiye and Techfin. The Ukrainian operations have been classified as discontinued operations due to ongoing geopolitical issues, and the company is focusing on divesting these assets. Turkcell continues to prioritize digital transformation and expanding its digital services both within and outside Türkiye.
Turkcell (NYSE: TKC, BIST: TCELL) announced the filing of its Annual Report on Form 20-F for the year ended December 31, 2023, with the US Securities and Exchange Commission on May 13, 2024.
The report includes complete audited financial statements, available on Turkcell's investor relations page and in hard copy upon request.
The filing serves as a comprehensive disclosure of Turkcell's financial health and business operations over the past year.
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