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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
11/10/201404:05:01Amino Technologies Wins TV Platform Contract With Turkcell
10/24/201405:02:06Turkcell's 3Q Net Profit Rises 8% on Soaring Broadband Sales
07/25/201411:54:45Cukurova and Alfa Agree on Term for Financing in Turkcell Stake
05/13/201406:38:11Turkcell Holder Cukurova Must Pay $1 Billion in Damages to TeliaSonera:...
04/25/201405:02:32Turkcell First-Quarter Net Profit Hit By Ukraine Operations
04/23/201402:40:07TeliaSonera 1st Quarter Revenue, Profit Decline
04/23/201402:25:12TeliaSonera First-Quarter Revenue, Profit Decline
02/05/201409:52:08Turkcell Shareholder Cukurova Gets Extension on Payment to Alfa...
01/02/201409:04:15Turkcell Says Faces TRY527.7 Million Tax Demand and Fine
11/15/201309:01:37HBK Investments LP 3Q 13F: Largest Eliminations
11/15/201309:01:27HBK Investments LP 3Q 13F: Largest Purchases
11/15/201309:01:27HBK Investments LP 3Q 13F: Largest Sales
11/15/201309:01:27HBK Investments LP 3Q 13F: Largest Eliminations -2-
08/16/201306:53:36Turkish Regulators Move to End Turkcell Quagmire
07/29/201311:55:22UK Court Grants Turkcell's Stakeholder Cukurova Extension to...
07/16/201309:02:12Turkcell Holder Cukurova Seeks Extension For $1.56 Billion Alfa...
07/16/201306:15:09Turkey's Regulator to Appoint Two Board Members to Turkcell
07/09/201310:13:11TeliaSonera Welcomes UK Court Decision on Turkcell
07/09/201306:09:58Turkcell Majority Stake to Cost Cukurova $1.56 Billion, UK Court...
06/24/201306:24:16TeliaSonera: Regrets Turkcell's Failed AGM

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