Turkcell Marks the 15th Year of its Dual Listing on the NYSE and Borsa Istanbul
September 02 2015 - 2:48PM
Business Wire
Integrated communication and technology services provider
Turkcell (NYSE:TKC)(BIST:TCELL) marked its 15th year as a
publicly-traded company as it rang the Closing Bell® on the New
York Stock Exchange (NYSE). Mr. Ahmet Akca, Chairman of the
Turkcell Board of Directors, and Mr Kaan Terzioglu, Turkcell’s CEO,
were joined by members of the Turkcell Board, NYSE President Tom
Farley, Turkey’s Consul-General in New York Mr. Ertan Yalcin,
representatives of Turkcell’s shareholders and Turkcell’s upper
management as they rang the Closing Bell.
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Turkcell's Chairman of the Board Mr.
Ahmet Akca and Turkcell's CEO Kaan Terzioglu rang the Closing Bell
on the NYSE on September 1st, 2015 to mark Turkcell's 15th
anniversary on the New York Stock Exchange. (Photo: Business
Wire)
Turkcell is the first company from Turkey to be listed on the
NYSE. It has a current valuation of more than 10 billion USD and is
among the 500 largest NYSE-listed companies, in terms of market
capitalization.
“The NYSE listing has made it possible for Turkcell to access
the world’s largest capital market. Our listing on the NYSE also
helped initiate a new era for Turkish business community as we
demonstrated that a Turkish company could provide attractive
investment opportunities for international investors,” said Ahmet
Akca, the Chairman of the Turkcell Board. “Over the past 15 years,
we have adopted high corporate governance standards while operating
a profitable business. Turkcell will continue to aim for the
highest goals in technology, contribute to the growth of the
countries where it operates, and create value for all its
stakeholders.”
Turkcell was listed on the Istanbul Stock Exchange, which later
became Borsa Istanbul, at the same time as its listing on the NYSE.
Today, the company offers its institutional investors the
investment flexibility to choose between the NYSE and Borsa
Istanbul.
Mr. Huseyin Zafer, Executive Vice-President of Borsa Istanbul,
joined Turkcell’s 15th year celebrations and shared the following
remarks: “‘As an exchange which aims to be the technology and
finance hub of the region, Borsa İstanbul has established new
linkages with exchanges and financial institutions all around the
world and works to extend its presence further. In this regard, it
is clear that Turkcell, by being listed on NYSE, made one of the
very first contributions to promote Borsa İstanbul and Turkish
market globally.’’
Turkcell is currently one of the top 5 companies on BIST in
terms of market capitalization.
ABOUT TURKCELL: Turkcell is an integrated communication and
technology services player in Turkey. Turkcell Group has
approximately 67.9 million mobile subscribers in nine countries and
over 1.3 million fixed subscribers in Turkey as of June 30, 2015.
Turkcell was one of the first among the global operators to have
implemented HSPA+. It has announced two new HSPA+ Technologies on
its 3G network to meet rising data usage. Having successfully
integrated 3C-HSDPA and DC-HSUPA Technologies, it became the first
mobile operator in the world to enable peak speed of 63.3 Mbps
downlink while also enabled an 11.5 Mbps uplink on a 3G network.
Turkcell is the first telecom operator to offer households fiber
broadband connection at speeds of up to 1,000 Mbps in Turkey. As of
June 2015, Turkcell’s population coverage is at 99.85% in 2G and
92.06% in 3G. Turkcell Group reported a TRY3.1 billion (US$1.2
billion) revenue with total assets of TRY20.7 billion
(US$7.7billion) as of June 30, 2015. It has been listed on the NYSE
and the BIST since July 2000, and is the only NYSE-listed company
in Turkey.
You can access the video of Turkcell’s Closing Bell ceremony at
this link: http://livestream.com/NYSE/Turkcell
You can follow Turkcell developments on
Twitter:http://twitter.com/TurkcellNews
Read more at www.turkcell.com.tr
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version on businesswire.com: http://www.businesswire.com/news/home/20150902006314/en/
Hande AsikInternational Media RelationsTurkcell Corporate
Communications+90-532-210 6471hande.asik@turkcell.com.tr
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