TURKCELL ILETISIM HIZMETLERI A.S. ADS - TKC STOCK NEWS

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.

Turkcell (TKC) achieves double-digit real growth, exceeding guidance for the year. The financial data is consolidated and includes Turkcell Iletisim Hizmetleri A.S. and its subsidiaries. The press release provides a breakdown of reporting segments and key indicators for the year.

Turkcell, the leading mobile network operator in Turkiye with approximately 40 million subscribers, partners with Lynk Global, Inc., to provide Sat2Phone services using 'cell-towers-in-space.' This collaboration aims to enhance network resiliency and mobile coverage in Turkiye, benefiting the local population, businesses, and visitors.

Turkcell, a leading telecommunication provider in Turkey, advances its digital transformation by deploying cloud-native infrastructure clusters with Odine and Red Hat OpenShift. With a focus on virtualization, Turkcell is at the forefront of 5G readiness, enhancing speed, latency, and connectivity for customers. The company manages over 14 Tbps of traffic efficiently and is committed to modernizing its network with seamless upgrades.

Mavenir and Turkcell announce deployment of CI/CD automation to enhance Turkcell's VoLTE services, benefiting 20 million subscribers. The automation framework reduces time and costs for software implementation and feature rollouts, increasing competitive advantage and network efficiency.