Turkcell Iletisim Hizmetleri A.S.
 (TKC)

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  • Today, 11:49 AM
    • Turkcell (TKC -1.5%) is going forward with an effort to buy out partner TeliaSonera (OTCPK:TLSNY +1.3%) in their Fintur Eurasian joint venture, its CEO says.
    • The company has a non-binding bid in and will follow with a another offer after it completes due diligence, says CEO Kaan Terzioglu. TeliaSonera owns the other 58.55% of the venture, which owns operators in Azerbaijan, Georgia, Kazakhstan and Moldova.
    • Meanwhile, despite tough timing on the sale, TeliaSonera says "Several parties are interested in our holdings in Fintur and one of them is Turkcell."
    • As much as TeliaSonera is interested in getting out of the region, Turkcell has been pursuing more cross-border expansion after the end of a long boardroom deadlock broken by regulators.
    • Previously: TeliaSonera facing tough economic timing on Eurasian sale (Jan. 29 2016)
    • Previously: RenCap: Turkey may be best bet for emerging telecom growth, dividends (Jan. 04 2016)
    | Today, 11:49 AM
  • Fri, Jan. 29, 10:24 AM
    • Economic problems in Eurasia are complicating a plan for TeliaSonera (OTCPK:TLSNY +1.6%) to sell out of networks there, chief Johan Dennelind says.
    • "Macro is troublesome in many markets and you could argue the timing is wrong," Dennelind says. "But focusing efforts into the Nordic and Baltic markets is more important. We have to make sure we exit responsibly -- we are not running away and leave the keys on the table."
    • The Swedish operator expressed an interest in selling out of the region -- and its Fintur co-owner Turkcell (TKC +2.9%) showed a strong interest in buying -- but the company says closing a sale may be tough.
    • Other parties than Turkcell are interested in Fintur, though, which owns four operators in Azerbaijan, Georgia, Kazakhstan and Moldova.
    • TeliaSonera already treats the Eurasian operations as "discontinued" in reports.
    • Previously: Turkcell on the hunt for control of Eurasian operators (Sep. 18 2015)
    | Fri, Jan. 29, 10:24 AM
  • Tue, Jan. 12, 11:38 AM
    • Turkcell's (TKC -0.6%) Ukrainian unit Astelit, which brands services as "Life:)" (emoji included), is launching service under a new brand, Lifecell.
    • The carrier will focus more on corporate subscribers. The rebranding is of a piece with similar branding in Turkcell's other markets.
    • The move follows Turkcell's taking full control of the operation last June, its first major move across borders from Turkey. It paid $100M to buy out its partner System Capital Management, which had held 45% of Astelit through a Netherlands venture partner.
    | Tue, Jan. 12, 11:38 AM
  • Mon, Jan. 4, 6:34 PM
    • In its look at telecoms in emerging markets, Renaissance Capital says video could bring new growth -- and the sector may be a place to target dividends.
    • "Telcos are jumping too late on the fast moving Internet train," the analysts write. "Video could be the ‘next big thing’ for mobile telcos and the step-up jump in usage (rather than a gradual shift) creates the possibility that this will translate into revenues."
    • That growth, though, is likely going to fall victim to competition in no more than 12 months, they say.
    • RenCap thinks the growth outlook is best in Turkey, as Russia and MENA face macro headwinds. In Turkey, the firm prefers Turk Telekom (OTC:TRKNY) to Turkcell (TKC -2.1%): “Ultimately a telecom (as with any other sector) is as good as its dividend stream is. On this metric we estimate [Turk Telekom] could be worth TRL5.8/share if all allowable earnings adjusted for availability of cash are paid out as dividends, and assuming the market would be happy with an 11.5% yield – 10.5% versus Turkish local bonds."
    • Meanwhile, in Russia the firm likes Mobile TeleSytems (MBT -2.8%) and Sistema over VimpelCom (NASDAQ:VIP), and it highlights MTN Group (OTCPK:MTNOY -1.4%) in South Africa, though noting that firm's huge Nigerian fine shows that developing countries present regulatory risk and "become inventive when it comes to enhancing state coffers.”
    | Mon, Jan. 4, 6:34 PM | 2 Comments
  • Dec. 18, 2015, 11:16 AM
    • Turkcell (TKC -2.8%) has brought its expanded messaging app BiP, with expanded voice and video features, to the Ukraine.
    • The company offers service in Ukraine under its brand "Life:)" and is launching the IP-based application there after rolling it out in other countries.
    • The app -- which also features disappearing messages a la Snapchat -- now supports voice over IP and video over IP. Previously available in Turkish and English, it now supports Ukrainian, Belarussian and Russian as well.
    • BiP has been downloaded 4.2M times prior to the Ukraine launch; Turkcell serves 13.8M customers in Ukraine.
    • Previously: Turkcell adds voice, video to popular messaging app (Nov. 27 2015)
    | Dec. 18, 2015, 11:16 AM | 2 Comments
  • Nov. 27, 2015, 12:58 PM
    • Turkcell (TKC -2.7%) says it has launched voice and video calls on BiP, its IP-based messaging app.
    • BiP has been downloaded for free more than 3.3M times (by Turkcell subscribers and otherwise) in more than 166 countries. The app also features disappearing messages a la Snapchat.
    • The voice and video addition is coming along with 1 GB of free data for Turkcell's subscribers, though. The company plans to launch it in Ukraine and Belarus, in local languages with local content.
    | Nov. 27, 2015, 12:58 PM
  • Nov. 2, 2015, 3:11 PM
    • Turkcell (NYSE:TKC) is up 4.7%, having a banner day along with other Turkish issues after Turkey's ruling party surprised some observers by regaining a majority government.
    • IShares' Turkey ETF (NYSEARCA:TUR) is up 9.2% today, while the Turkish Investment Fund (NYSE:TKF) is up 8.2%.
    • Bank of America analyst Turker Hamzaoglu says the election had an unexpected result but it suggests that political risks in the country may have peaked and despite some significant remaining challenges, the investment case has been "resolved in what we believe is a market friendly way."
    • He's upgraded his rating on Turkish external debt to Market Weight from Underweight.
    | Nov. 2, 2015, 3:11 PM | 4 Comments
  • Oct. 27, 2015, 1:24 PM
    • In Q3 results, Turkcell (TKC -1.5%) posted all-time high quarterly sales and EBITDA.
    • Group revenues were up 6.4% to TRY 3.36B, chiefly driven by Turkey. Group EBITDA was up 10.5% to TRY 1.16B. Revenues for Turkcell Turkey (91% of total) rose 9.9% to TRY 3.07B.
    • Total customers have exceeded 34M; postpaid customers were up 278K to exceed 16M. Blended mobile ARPU was up 9.7% Y/Y to TRY 26.1.
    • Turkcell restructured debt at its Astelit and BeST units to eliminate forex risk.
    • The company has updated guidance for full-year EBITDA margin to 32%-32.5% from the previous 31%-32%, and for revenue growth of 10% (for Turkcell Turkey) and 6% (for the wider Turkcell Group).
    | Oct. 27, 2015, 1:24 PM
  • Oct. 27, 2015, 12:06 PM
    • Turkcell Iletisim (NYSE:TKC): Q3 Net income of TRY 630.40M
    • Revenue of TRY 3.36B (+6.3% Y/Y)
    | Oct. 27, 2015, 12:06 PM
  • Oct. 16, 2015, 4:31 PM
    • Turkcell (NYSE:TKC) says it's successfully completed a eurobond sale for $500M and it's collected proceeds.
    • The bonds were issued at 10 years to maturity with a 5.95% reoffer yield -- which is down from initial price guidance of 6.25% after the order book was almost four times oversubscribed. The company effectively paid no new issue premium.
    • “This is yet another stage in the series of developments that have proved the trust of the international investor community in Turkey, Turkcell and our new management strategy," says CEO Kaan Terzioglu.
    | Oct. 16, 2015, 4:31 PM
  • Sep. 18, 2015, 8:08 PM
    • Turkcell (TKC -1%) is in the market to buy out the rest of some Eurasian assets from Sweden's TeliaSonera (OTCPK:TLSNY -2.2%), which is refocusing on Europe.
    • The Turkish carrier says it's working to take control of Fintur, which owns four mobile operators in Azerbaijan, Georgia, Kazakhstan and Moldova. Turkcell has a 41.45% interest in Fintur, and TeliaSonera the other 58.55%.
    • Correspondingly, the four operators operate as units of TeliaSonera with its branding style.
    • Turkcell has pointed to its Ukrainian spread -- it bought out its partner in Ukraine's Astelit in June -- as a model for more regional cross-border expansion.
    • Previously: Turkcell up as JPMorgan get bullish on Turkish telecom (Sep. 17 2015)
    • Previously: Turkcell names CEO for Ukraine unit (Sep. 16 2015)
    | Sep. 18, 2015, 8:08 PM
  • Sep. 17, 2015, 10:02 AM
    • Turkcell (NYSE:TKC) is up 1.3% early as JPMorgan gets bullish on Turkey's telecom sector.
    • The firm has Overweight ratings on Turkcell as well as Turk Telekomunikasyon (OTC:TRKNY) with price targets set for a 25% upside.
    • Turkcell is set to capitalize on high-value mobile customers as the largest spectrum bank in the area, and is investing in its network to maintain leadership. Analyst Ranjan Sharma sees revenues and EBITDA growing at a three-year CAGR of about 8%.
    • Its dividend is at risk from a shareholder dispute, however; Sharma sees its 2015 dividends being paid out in 2017.
    • Meanwhile, Turk Telecom is set for a structural competitive advantage after launching a satellite platform in Q2, and its recent acquisition of Avea could provide revenue and cost synergies.
    • Previously: Turkcell names CEO for Ukraine unit (Sep. 16 2015)
    • Previously: Turkey's 4G auction draws better than expected $4.5B (Aug. 26 2015)
    | Sep. 17, 2015, 10:02 AM
  • Sep. 16, 2015, 12:43 PM
    • Turkcell (NYSE:TKC) has named a CEO at its Ukrainian operator set to begin Oct. 1.
    • Burak Ersoy takes over at the unit -- which operates service under the brand "Life:)" -- after serving as a senior VP of retail and distribution.
    • Turkcell had bought out the rest of its Ukrainian unit, Astelit, in June with a $100M payment. That was its first major cross-border move, which it would use as a model for further expansion.
    • “We have repeated time and again that Ukraine will be a pilot country for Turkcell as it expands its regional footprint and influence," says Turkcell CEO Kaan Terzioglu.
    • Astelit was the first operator to launch 3G service in Ukraine.
    • Earlier, TheStreet downgraded Turkcell to Hold.
    • Previously: Turkcell buys rest of Ukraine unit for $100M, explores more expansion (Jun. 29 2015)
    • Previously: Turkcell down 5.3%; launches Ukraine 3G (Jun. 08 2015)
    | Sep. 16, 2015, 12:43 PM
  • Aug. 26, 2015, 3:36 PM
    • Turkey's once-postponed auction of 4G airwaves did better than expected, drawing €3.96B (about $4.5B) in bids from Turkey's three operators: Vodafone (VOD +2.5%), Turkcell (TKC +4.6%) and Avea (OTC:TRKNY).
    • The original tender had been postponed in May as president Recep Tayyip Erdogan pressed for a cancellation, and for the country to skip a generation and try to upgrade infrastructure to 5G. But that technology isn't fully defined yet, and any commercial rollouts aren't likely before 2020.
    • The auction performed well in a market that features a young, data-hungry population, says analyst Jonathan Friedman: "Beyond recent political instability, Turkey is a large market with nearly 80 million consumers, and investors want to be a part of that."
    • The bids received today are subject to a final approval process before frequencies are allocated.
    | Aug. 26, 2015, 3:36 PM | 2 Comments
  • Aug. 21, 2015, 12:54 PM
    • Vodafone (VOD -2.8%) has pulled out of a six-company competition to take over Lebanon's two mobile operators.
    • The government's two mobile firms, Touch and Alfa, were being run by Zain and Orascom Telecom Media and Technology, though the two companies' management contracts expired two years ago.
    • Vodafone's pulling out leaves five others competing: Zain, Orange (ORAN -0.2%), Maxis, Turkcell (TKC -1.9%) and a unit of Deutsche Telekom (OTCQX:DTEGY), as OTMT didn't submit a bid application on time.
    | Aug. 21, 2015, 12:54 PM | 1 Comment
  • Jul. 7, 2015, 10:18 PM
    | Jul. 7, 2015, 10:18 PM
Company Description
Turkcell Iletisim Hizmetleri AS is a mobile service provider in Turkey. The Company provides mobile voice, internet & services over its mobile communications network.
Sector: Technology
Country: Turkey