Turkcell teaming with defense firm on 5G development

• Turkcell (NYSE:TKC) is teaming with Turkish defense company Aselsan to collaborate on 5G mobile development, including the formation of a 5G roadmap for the country.
• Turkcell CEO Kaan Terzioglu and Aselsan GM Faik Eken have set a framework agreement to work together in global platforms and pursue commercial success with their joint research.
• Shares of Turkcell are up 6.1% over the past three months.
• Previously: Turkcell buys rest of Ukraine unit for $100M, explores more expansion (Jun. 29 2015)