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Court Rejects Cukurova's Demand To Cancel Turkcell EGM

ISTANBUL -(Dow Jones)- A Turkish court has rejected Cukurova Holding's request to cancel a Turkcell Iletisim Hizmetleri AS (TCELL.IS) extraordinary general meeting on Oct. 12, local broadcaster CNBC-e reported Friday. Cukurova Holding, owned by Turkish businessman Mehmet Karamehmet, last month filed a lawsuit requesting cancellation of Turkcell's statutory auditors' decision to hold Turkcell's extraordinary general meeting on Oct. 12, as well as the meeting's agenda, which includes the removal and election of board members. Cukurova has a 13% interest in Turkcell. Altimo and Swedish telecommunications firm TeliaSonera AB (TLSN.SK) are seeking to limit Mehmet Karamehmet's influence in Turkcell. In April, they failed in a bid to remove Turkcell Chairman Colin Williams for allegedly favoring Karamehmet's Cukurova. At 1420 GMT, Turkcell shares were trading 1.92% lower at TRY8.16, amid a 1.01% lower overall Istanbul market. -By Yeliz Candemir, Dow Jones Newswires, +90 535 432 05 91; yeliz.candemir@dowjones.com

Stock News for Turkcell Ilet (TKC)
DateTimeHeadline
05/14/201306:56:13Turkcell Seeks Board Approval to Distribute At Least 50% of Profit...
04/17/201305:16:38Turkcell to Hold General Assembly on May 22
03/12/201306:04:12Turkey's Regulator Appoints Three Independent Board Members to...
03/04/201305:54:11SUBSCRIBERS: Please Disregard Headline on Turkcell Majority Stakeholders
01/30/201307:48:22Turkcell Controlling Stakeholder Cukurova Could Redeem Shares...
10/30/201211:31:54MTN Uganda Executives On Trial Over $27 Million Tax Scam
10/19/201202:49:36Turkcell Third-Quarter Net Profit Slightly Above Expectations
08/08/201203:09:47MTN Posts Strong Growth in Revenue, Subscribers
07/26/201203:18:46Turkcell Beats Expectations with Second-Quarter Net Profit
07/12/201205:13:09S Africa's Foreign Ministry Suspends Former Iran Ambassador On...
06/29/201206:25:48TeliaSonera Regrets Postponement of Turkcell AGM, Supports Dividend
06/26/201211:12:39Turkcell EGM to Be Postponed Amid Shareholders' Disagreement
06/25/201204:36:13Turkcell Deadlock Set to Continue after Regulator Decision
06/01/201205:56:08TeliaSonera Hopes To End Turkcell Boardroom Deadlock In June
05/03/201204:06:35Turkcell Profit Lifted By Higher Net Financial Income
04/19/201201:56:23TeliaSonera Net Profit Down, As Income From Subsidiaries Declines
04/01/201213:45:23Ex-MTN CEO Denies Bribery Allegations Against Company
03/29/201204:45:13Turkcell Files Suit Against MTN In US Courts
03/07/201205:22:09MTN Will Only Exit Iran If South Africa Applies Sanctions -CEO
02/23/201204:41:22Turkcell Net Profit Falls Mainly Due To Belarus Operations

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