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Latest Telecoms News from Turkey
Turkcell Quarterly Profits Down 31%
Turkish telco, Turkcell has reported a drop of 3.7% in its 3rd quarter revenues compared to last year to TRY2.37 billion. Group net profits decreased by 31.4% year on year to TRY496.8 million....
Related Tags: turkcell, broadband
Megafon and Turkcell to be Merged into Single Holding Company
There is to be further tidying up of the often complex Russian-Nordic telecoms investments, after TeliaSonera and Altimo agreed to merge their respective direct and indirect interests in Turkcell and Megafon, into a new company....
Related Tags: teliasonera, altimo, turkcell, megafon, new-york
Turk Telecom Wins $187 Million Award Against Turk Telecom
In a brief note, Turk Telecom says that it has been awarded 279.2 million lire (US$187.2 million) by the Ankara Commercial Court against Turkcell....
Related Tags: turkcell, turk-telecom
Motorola, Nokia Closer to Recovering Missing $3.4 Billion from Uzan Family
Motorola and Nokia are reported to have found the hiding place for some of the missing US$3.4 billion that was awarded to them in a long running lawsuit against the Turkish Uzan family. ...
Related Tags: uzan-family, telsim, motorola, nokia, new-york
Turk Telecom Seeking Funding for Mobile Network Subsidiary
Turkish landline operator, Turk Telecom has started negotiations with the banks in order to secure the funding it will provide to its mobile network operator subsidiary Avea, as part of the restructuring of Avea's long term financial liabilities....
Related Tags: turk-telecom, avea, erkan-akdemir
Turkish Operator Tests Adverts for Airtime Service
Turkish mobile network operator, Turkcell says that it has completed the trial of a mobile advertising system that displayed a full-screen advert on the handset after each phone call. ...
Related Tags: turkcell, mobile-advertising, myscreen-mobile
Court Orders Sale of Turkcell Stake to TeliaSonera for $3.1 Billion
TeliaSonera has won a legal ruling forcing Turkish holding company, Cukurova to sell its stake in Turkcell Holding to TeliaSonera for a cash consideration of US$3.1 billion....
Related Tags: teliasonera, cukurova, turkcell, altimo
Turkcell Profits Down on Ukraine Problems
Turkcell Group has reported that its second-quarter revenues grew by 1.1% to TRY2,204 million, mainly driven by Turkcell Turkey's strong operational performance. ...
Related Tags: turkcell
Vodafone Turkey Plans $675 Million CAPEX Over Next Year
Vodafone's troubled Turkish division has confirmed plans to invest 1 billion lira (US$675 million) over the next twelve months as it tries to boost its market share in the country. ...
Related Tags: vodafone-turkey, base
Downturn Could Stall Appetite for Turkish 3G Services
Fitch Ratings says that the impact of the current economic downturn could stall Turkish consumer demand for new 3G phone services despite industry expectations that it will significantly boost data revenues and result in overall increases in ARPU....
Related Tags: turkcell, 3g, fitch-ratings, base, three