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Turkcell Iletisim Hizmetleri A.S. (TKC)

  • Fri, Nov. 27, 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.
    | Fri, Nov. 27, 12:58 PM | Comment!
  • Mon, Nov. 2, 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.
    | Mon, Nov. 2, 3:11 PM | 2 Comments
  • Tue, Oct. 27, 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).
    • Press Release
    | Tue, Oct. 27, 1:24 PM | Comment!
  • Tue, Oct. 27, 12:06 PM
    • Turkcell Iletisim (NYSE:TKC): Q3 Net income of TRY 630.40M
    • Revenue of TRY 3.36B (+6.3% Y/Y)
    • Press Release
    | Tue, Oct. 27, 12:06 PM | Comment!
  • Fri, Oct. 16, 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.
    | Fri, Oct. 16, 4:31 PM | Comment!
  • Fri, Sep. 18, 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)
    | Fri, Sep. 18, 8:08 PM | Comment!
  • Thu, Sep. 17, 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)
    | Thu, Sep. 17, 10:02 AM | Comment!
  • Wed, Sep. 16, 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)
    | Wed, Sep. 16, 12:43 PM | Comment!
  • Wed, Aug. 26, 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.
    | Wed, Aug. 26, 3:36 PM | 2 Comments
  • Fri, Aug. 21, 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.
    | Fri, Aug. 21, 12:54 PM | 1 Comment
  • Tue, Jul. 7, 10:18 PM
    | Tue, Jul. 7, 10:18 PM | Comment!
  • Mon, Jun. 29, 12:02 PM
    • Turkcell (TKC -2.7%) has wrapped a buyout of the rest of its Ukrainian unit, Astelit.
    • The company's paid $100M to buy out partner System Capital Management, who held 45% of Astelit through its Netherlands venture partner Euroasia Telecommunications Holding. Astelit operates in Ukraine under the brand "Life:)."
    • Turkcell is also settling Astelit's debts with SCM and guaranteeing up to $66M in credit.
    • It marks Turkcell's first major move across borders, and the company says it will use Ukraine as a pilot for further regional expansion.
    • Previously: Turkcell in talks to buy out Ukrainian partners (Jun. 19 2015)
    • Previously: Turkcell down 5.3%; launches Ukraine 3G (Jun. 08 2015)
    | Mon, Jun. 29, 12:02 PM | Comment!
  • Fri, Jun. 19, 12:38 PM
    • Turkcell Iletisim Hizmetleri (TKC +0.5%) has begun talks to buy the 45% it doesn't hold of Astelit, its Ukrainian unit.
    • Turkcell would buy out partner System Capital Management, which holds the stake in Astelit through Euroasia Telecommunications Holding, the companies' Netherlands-based venture partner.
    • Astelit won a right to offer 3G service in Ukraine in February and the company launched service earlier this month.
    • The move is good strategy considering the 3G service, says RBC's Sam Dhillon. Astelit hasn't posted a profit yet, so the point to the buyout could be increasing execution.
    • But it could signal more cross-border outreach, he said: "In our view, a clear opportunity would be to acquire the ~75% stake it doesn’t own in Fintur, which would give them controlling presence in Kazakhstan, Georgia, Moldova and Azerbaijan." That Fintur stake is currently owned by TeliaSonera (OTCPK:TLSNY).
    • Previously: Turkcell down 5.3%; launches Ukraine 3G (Jun. 08 2015)
    • Previously: Turkcell unit wins 3G spectrum in Ukraine (Feb. 23 2015)
    | Fri, Jun. 19, 12:38 PM | Comment!
  • Mon, Jun. 8, 10:47 AM
    • Along with Turkey's stock market tumble today following election upheaval, Turkcell (NYSE:TKC) is off 5.3% in early NYSE trading.
    • The company today is announcing its Astelit unit became the first GSM operator to successfully launch 3G service in the Ukraine.
    • It's a quick move after Turkcell won a 3G license in February's tender -- it had planned to launch six months after acquiring the rights -- and should pay benefits as Astelit is the country's leader in smartphone penetration, with 36% of users on smartphones.
    • Meanwhile, new CEO Kaan Terzioglu has been pushing Turkey's government to upgrade infrastructure to pave the way for a successful 4G rollout later this year. A 4G auction is set for Aug. 26, though president Erdogan had been urging the country to skip 4G (and cancel that auction) and head straight to 5G.
    | Mon, Jun. 8, 10:47 AM | 1 Comment
  • Thu, Apr. 30, 1:08 AM
    • Turkcell Iletisim (NYSE:TKC): Q1 EPS of TRY141.1M
    • Revenue of TRY2.98B (+4.2% Y/Y)
    • Press Release
    | Thu, Apr. 30, 1:08 AM | Comment!
  • Mon, Apr. 6, 5:15 AM
    • Russian billionaire Mikhail Fridman and his partners are creating a $16B fund to invest in tech and telecom companies in the U.S. and Europe. LetterOne Technology plans to buy struggling telecom companies that require fresh capital, or technology companies that make apps or streaming services that could be used by its global mobile operations.
    • The fund will also act as a holding company for the group's 48% stake in VimpelCom (NASDAQ:VIP) and 13% stake in Turkcell (NYSE:TKC).
    | Mon, Apr. 6, 5:15 AM | Comment!
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