Turkcell Iletisim Hizmetleri A.S. (TKC) - NYSE
  • 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
  • Jun. 29, 2015, 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)
    | Jun. 29, 2015, 12:02 PM
  • Jun. 19, 2015, 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)
    | Jun. 19, 2015, 12:38 PM
  • Jun. 8, 2015, 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.
    | Jun. 8, 2015, 10:47 AM | 1 Comment
  • Apr. 30, 2015, 1:08 AM
    • Turkcell Iletisim (NYSE:TKC): Q1 EPS of TRY141.1M
    • Revenue of TRY2.98B (+4.2% Y/Y)
    | Apr. 30, 2015, 1:08 AM
  • Apr. 6, 2015, 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).
    | Apr. 6, 2015, 5:15 AM
  • Mar. 17, 2015, 9:48 AM
    • Turkcell Iletisim Hizmetleri (NYSE:TKC) is up 2.3% as Russian conglomerate Alfa Group has launched a dramatic $2.8B offer to effectively take control of Turkey's top telecom -- though success is far from likely.
    • Alfa has offered $54.9M/share for the 13.8% owned by Cukurova Holding -- along with Alfa and TeliaSonera, one of the three key shareholders of Turkcell. Alfa owned that same stake just last year.
    • But Cukurova would have to accept the bid, and a Turkish government reluctant over Russian takeovers in Turkey would have to approve.
    • Turkcell is set to hold its first shareholder meeting since 2011; if the meeting doesn't come off, Turkey's capital markets watchdog can seize control of the executive committee.
    | Mar. 17, 2015, 9:48 AM | 1 Comment
  • Mar. 10, 2015, 9:56 AM
    • Russian and ruble-affected telecoms are off again as the ruble's down another 1.7% against the dollar today: VimpelCom (NASDAQ:VIP) is down 5.8%; Mobile TeleSystems (NYSE:MBT) down 4%; Turkcell (NYSE:TKC) down 2.1%.
    • After hitting a low on Feb. 1, the ruble has regained some ground against the dollar, set back some by the past couple of days.
    • A report in Zimbabwe's The Herald paper says that Telecel -- 60% owned by VimpelCom and up for sale -- is worth only $50M rather than the $200M valuation that sale runner Barclays has assigned to it, calling the firm "practically bankrupt."
    | Mar. 10, 2015, 9:56 AM
  • Mar. 4, 2015, 3:01 PM
    • A record low for Turkey's lira against the dollar is driving the country's market lower -- and the currency's performance tends to hit wireless provider Turkcell (TKC -2.4%).
    • The Turkish lira would be the world's worst performer in emerging markets, except for the Brazilian real.
    • Conflict continues between the country's central bank and the government of President Recep Tayyip Erdogan, who's accused the bank of treason for resisting rate cuts.
    • Meanwhile, with the announcement of 4G tender specifications by the government, Turkcell says it's ready to launch 4G service in country "at the earliest possible time." The tender is expected by the end of May; "Had the government held the tender tomorrow, we would have been ready for it," says acting CEO Ilker Kuruoz.
    • Related stocks: (OTCPK:OGZPY -2.3%), (OTCQX:TKGBY -4.3%), (OTCPK:TAVHY -1.9%). ETF: (TUR -4.1%)
    • Previously: Turkcell follows Turkish trades lower (Feb. 27 2015)
    • Previously: Turkey tumbles as government takes over Bank Asya (Feb. 04 2015)
    | Mar. 4, 2015, 3:01 PM | 4 Comments
  • Feb. 27, 2015, 2:03 PM
    • Turkish mobile leader Turkcell (TKC -2.1%) is lower today, along with other Turkish trades, as Société Générale bails out of the country: "We just closed all our bullish trades on Turkey."
    • The firm expects the Turkish lira to sell off in the aftermath of the central bank's rate cut -- and its dispute with Turkey's leadership over monetary policy.
    • SocGen has taken out a long position in dollar/lira volatility that it says is already paying off.
    • The Turkish lira has slipped 3% against the dollar over the past week.
    • Related stocks: (OTCQX:TKGBY -3.4%), (OTCPK:TAVHY -2.3%)
    • ETFs: TUR -2%.
    • Previously: Turkey tumbles as government takes over Bank Asya (Feb. 04 2015)
    | Feb. 27, 2015, 2:03 PM
  • Feb. 24, 2015, 10:50 AM
    • Units that are part of Russian mobile firms VimpelCom (NASDAQ:VIP) and Mobile TeleSystems (NYSE:MBT) have joined Turkcell (NYSE:TKC) in winning 3G licenses in Ukraine.
    • The Russian firms protected some market position despite a signal from Ukraine that it would favor non-Russian firms in an effort to break up their dominance. VimpelCom's Kyivstar is the biggest carrier in the country, with 42% share.
    • The companies praised the transparency of the auction process.
    • In current trading: MBT +3.5%; VIP -1%; TKC -0.4%.
    • Previously: Turkcell unit wins 3G spectrum in Ukraine (Feb. 23 2015)
    | Feb. 24, 2015, 10:50 AM
Company Description
TURKCELL Iletisim Hizmetleri AS is engaged in the provision of telecommunication services. It operates a global system for mobile communications network in Turkey and regional states. Its services include voice, mobile broadband, mobile applications, mobile marketing business, authentication,... More
Sector: Technology
Industry: Wireless Communications
Country: Turkey