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

Turkcell Superonline has partnered with Equinix, a leading digital infrastructure company, to enhance its operational efficiency and customer service capabilities. This strategic alliance aims to bolster Turkey's position as a digital bridge between East and West. The partnership will enable both companies to better manage customer processes and digital needs globally. Emre Erdem, General Manager of Turkcell Superonline, emphasized that this collaboration aligns with their vision of transforming the Silk Road into a fiber road, positioning Turkey favorably in the global market.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) reported robust financial results for Q2 2022. Revenue soared 46% year-on-year to TRY 12.5 billion, with EBITDA increasing 45% to TRY 5 billion, reflecting strong subscriber growth and ARPU acceleration. Net income rose 67% to TRY 1.9 billion. Turkcell's subscriber base expanded by 579,000 in Q2, contributing to a 32.9% growth in mobile ARPU. The company revised its 2022 guidance, now targeting over 40% revenue growth and approximately TRY 20 billion EBITDA. The net leverage stands at 1.2x, indicating solid financial health.

In the first quarter of 2022, Turkcell (NYSE:TKC) reported a significant revenue increase of 36.7% year-on-year, reaching TRY 10,695 million, alongside a 30.1% rise in EBITDA to TRY 4,302 million. Despite these gains, net income fell 27.3% to TRY 803 million, reflecting challenges in profitability. The company achieved robust operational results with a net addition of 577,000 subscribers, while maintaining a healthy net leverage level at 1.2x. Turkcell continues to target around 30% revenue growth and aims for an EBITDA of approximately TRY 19 billion for the year.

Turkcell (NYSE: TKC) has filed its Annual Report on Form 20-F for the fiscal year ending December 31, 2021, with the US Securities and Exchange Commission as of April 14, 2022. The report, which includes complete audited financial statements, is available online at Turkcell's investor relations website. Stakeholders can also obtain hard copies of the financial statements upon request. This filing is crucial for transparency and compliance, underscoring Turkcell's commitment to providing investors with detailed financial information.

Turkcell (NYSE:TKC) reported strong financial results for Q4 2021 and FY 2021, showcasing 29.5% revenue growth year-on-year, reaching TRY 10.2 billion. EBITDA increased by 29.9% to TRY 4.2 billion, with an EBITDA margin of 41.3%. The company experienced a net income rise of 6.3% in Q4, totaling TRY 1.4 billion, bolstered by operational efficiency and prudent financial management. Additionally, Turkcell added 2.7 million subscribers in 2021, marking the highest growth since 2007. For 2022, Turkcell targets a 30% revenue growth.

Turkcell (NYSE:TKC) reports strong Q3 2021 results with a 22.3% increase in revenue to TRY 9,354 million. EBITDA rose by 18.7% to TRY 4,030 million, while net income reached an all-time high of TRY 1,429 million, an 18.0% year-on-year growth. Key drivers include a growing subscriber base, increased data and digital services, and positive contributions from international operations. The company has revised its 2021 guidance, now targeting ~20% revenue growth and an EBITDA of ~TRY 14.5 billion.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) reported robust financials for Q2 2021, with revenues rising 23.5% year-on-year to TRY 8,548 million and net income increasing 30.6% to TRY 1,113 million. The Group's EBITDA grew 22.7% to TRY 3,466 million, reflecting a stable EBITDA margin of 40.5%. Subscriber growth was strong, adding 617,000 net subscribers in Q2, the highest since Q217. The company revised its 2021 guidance, targeting ~18% revenue growth and an EBITDA of ~TRY 14.3 billion.

Turkcell (NYSE:TKC) has signed a share transfer agreement to acquire Boyut Grup Enerji, owner of the İzmir Karadağ Wind Power Plant, as part of its strategy to meet electricity demand from renewables by 2030 and achieve carbon neutrality by 2050. The acquisition has an enterprise value of US$29.6 million, with a payment of US$11.5 million after net debt adjustments. The wind power plant has an 18 MW capacity, annual generation of 67.5 GWh, and can supply electricity for around 22,500 homes. This aligns with Turkcell's commitment to sustainability and renewable energy investments.

BiP, a leading communication platform developed by Turkcell, has launched a new feature allowing users to import group chats seamlessly from other applications. This feature caters to 80 million users across 192 countries, enabling the automatic transfer of existing group and individual chats without manual entry. With capabilities like HD video calls for up to 10 users and group chats of up to 1,000, BiP emphasizes user privacy through robust data protection measures, including encryption and a commitment to not share data with third parties.