Turkcell (NYSE:TKC) (BIST:TCELL) helps fight the effects of Coronavirus with several initiatives for the community, business and the authorities. Backed by its resilient and reliable infrastructure, the company is committed to providing students, teachers, businesses, health authorities and staff, and the elderly with connectivity for their vital daily needs.
Is Turkcell Iletisim (TKC) a great pick from the value investor's perspective right now? Read on to know more.
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
Turkcell Iletisim Hizmetleri (NYSE:TKC) (BIST:TCELL):
FWA solution of Turkcell (NYSE:TKC) (BIST:TCELL) Superbox, which offers fibre-speed internet access service over the company’s robust mobile infrastructure, has reached 323 thousand subscribers as of the end of 2019. Launched first in 2017, the subscriber base of Superbox that became an established mean for Turkcell to provide ultra-fast connectivity has grown 10 times in a year. The FWA solution of the company provides up to 375Mbps speed for customers regardless of location.
TKC vs. AMX: Which Stock Is the Better Value Option?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Turkcell (NYSE:TKC) (BIST:TCELL) and ING European Financial Services plc, %100 affiliate of ING in Turkey, have signed a ‘Green Loan’ agreement of 50 million Euros with a 5-year term. The transaction marks the longest average-maturity corporate finance deal in green loan format in Turkey. Turkcell, last year, had incorporated its sustainability approach into its financing activities with a 3-year term Sustainability Linked Loan of 50 million Euros. Likewise, ING was among the first six banks in Turkey to sign Principles for Responsible Banking thanks to its end-to-end sustainability approach.
(Bloomberg) -- A majority stake in Turkey’s biggest phone operator is attracting potential buyers even though its license expires in six years and there is no government decision on whether it will be renewed, according to people with knowledge of the matter.Investors from the Persian Gulf have expressed interest in the 55% stake held by banks, the people said, asking not to be identified because talks are private. But concern that the government has not yet decided whether to lengthen Turk Telekom’s license is hindering formal offers because there may not be enough time for a purchaser to recoup their investment through dividend payouts, they said.The government is wary of extending Turk Telekom’s license because doing so could encourage Turkcell Iletisim Hizmetleri AS and Vodafone Group Plc’s Turkey unit to demand the same treatment when their licenses are up, the people said. 3G and 4G licenses for all operators expire in 2029, while Turk Telekom’s landline and 2G licenses end in 2026.Turk Telekom has an enterprise value, a gauge for deals that includes market value plus net debt, of $7.2 billion based on Wednesday’s share price, according to data compiled by Bloomberg. That would make a 55% stake worth almost $4 billion. The stock has gained about 50% over the past 12 months. Turkey’s Treasury holds 25% stake at the company while the government’s wealth fund, TVF, holds 6.7%. The remainder is trading on Borsa Istanbul.Turkey’s Ministry of Treasury and Finance declined to comment. Turk Telekom, formally known as Turk Telekomunikasyon AS and LYY Telekomunikasyon AS, the special purpose vehicle created to hold the shares owned by the banks, declined to comment.About 20 lenders took over the holdings in Turk Telekom in 2018 after one of the Ankara-based operator’s former owners, Lebanese Hariri family’s Oger Telecom Ltd., failed to pay an installment on a $4.75 billion loan.Akbank TAS is the biggest shareholder in LYY with 35.6%, followed by Turkiye Garanti Bankasi AS with 22.1% and Turkiye Is Bankasi AS with 11.6%.Turk Telekom shares closed 3.8% lower at 7.83 liras in Istanbul on Wednesday. Akbank rose 3.5% and Garanti climbed 1.7%, both off their sessions highs, while Isbank dropped 0.2%.To contact the reporter on this story: Ercan Ersoy in Istanbul at eersoy@bloomberg.netTo contact the editors responsible for this story: Stefania Bianchi at sbianchi10@bloomberg.net, ;Onur Ant at oant@bloomberg.net, ;Benjamin Harvey at bharvey11@bloomberg.net, Vernon Wessels, John BowkerFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
In this article we will take a look at whether hedge funds think Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) is a good investment right now. We check hedge fund and billionaire investor sentiment before delving into hours of research. Hedge funds spend millions of dollars on Ivy League graduates, unconventional data sources, expert networks, and get […]
Turkcell (NYSE:TKC) (BIST:TCELL) continues to provide its technology and digital capabilities to assist all customers with Face to Face App. The application enables customers with disabilities to reach Turkcell’s Call Center through video call and receive customer service in sign language.
After several tireless days we have finished crunching the numbers from nearly 750 13F filings issued by the elite hedge funds and other investment firms that we track at Insider Monkey, which disclosed those firms' equity portfolios as of September 30th. The results of that effort will be put on display in this article, as […]
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Welcome, and thank you for joining the Turkcell's conference call to present and discuss the first quarter 2020 financial results. At this time, I would like to turn the conference over to Mr. Korhan Bilek, Treasury and Capital Markets Director. Today's speakers are our CEO, Mr. Murat Erkan; and our CFO, Mr. Osman Yilmaz.
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Turkcell (NYSE:TKC) (BIST:TCELL) announced that it has filed its Annual Report on Form 20-F for the year ended December 31, 2019 with the United States Securities and Exchange Commission on April 2, 2020. The Company's Form 20-F and complete audited financial statements can be found at https://www.turkcell.com.tr/en/aboutus/investor-relations/quarterly-results
How do we determine whether Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) makes for a good investment at the moment? We analyze the sentiment of a select group of the very best investors in the world, who spend immense amounts of time and resources studying companies. They may not always be right (no one is), but data […]