Welcome to our dedicated page for Turkcell Iletisi news (Ticker: TKC), a resource for investors and traders seeking the latest updates and insights on Turkcell Iletisi stock.
Turkcell Iletisim Hizmetleri A.S. (TKC) is Turkey's leading mobile telecommunications provider, delivering integrated voice, data, and digital services through its domestic and international operations. This news hub provides investors and stakeholders with timely updates on strategic developments, financial performance, and technological innovations shaping the company's trajectory in the competitive telecom sector.
Access comprehensive coverage of TKC's earnings reports, network expansion initiatives, and Techfin advancements. Our curated news collection offers insights into market leadership decisions, partnership announcements, and regulatory developments affecting Turkcell's operations across Turkey, Northern Cyprus, and Eastern Europe.
Key updates include quarterly financial disclosures, infrastructure investments, digital service launches like the Yaani browser ecosystem, and cross-border business developments. Bookmark this page for verified information directly from corporate communications and trusted financial analysis sources.
Turkcell (NYSE: TKC) CEO Dr. Ali Taha Koç has been elected to the board of directors of the Global GSM Association (GSMA), a leading organization representing the global mobile communications sector with over 1,000 members. The GSMA, founded in 1995, focuses on improving global mobile operator standards and fostering innovation in the mobile ecosystem. Dr. Koç emphasized Turkcell's evolution from a telecom operator to a strategic technology brand, highlighting the company's role in Turkey's digitalization journey and its commitment to contributing to the mobile communications industry's future development.
Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) (BIST:TCELL) released its Q2 2024 financial results, highlighting 'resilient results under inflationary pressures'. The report covers consolidated data for Turkcell and its subsidiaries, with four reporting segments: Turkcell Türkiye, Turkcell International, Techfin, and Other. Notably, Ukrainian operations (Lifecell, UkrTower, Global ) were classified as discontinued operations as of December 31, 2023. The financial data is presented in accordance with IFRS and IAS29, accounting for hyperinflationary economies. All figures are expressed in terms of the Turkish Lira's purchasing power as of June 30, 2024, with non-monetary items restated to reflect inflation impact.
Turkcell (NYSE: TKC, BIST: TCELL) marked its 30th anniversary by ringing the closing bell at the New York Stock Exchange on July 8. Over the past 30 years, Turkcell has invested $27 billion in various sectors, including mobile and broadband services, digital payment systems, and data centers. The company aims to position Türkiye as a global data hub, with recent data center investments surpassing $350 million. CEO Dr. Ali Taha Koç highlighted Turkcell's transformation from a telecommunications operator to an end-to-end technology provider, emphasizing their strategic role in Türkiye's economic and social landscape. A new company, TDC, has been established to further advance Türkiye's status in global data ownership.
Turkcell Iletisim Hizmetleri (NYSE:TKC) reported its first-quarter financial results for 2024, showcasing a strong start to the year. The company reported consolidated revenue of TRY 14.2 billion, a 22% year-on-year increase from Q1 2023. EBITDA increased by 18% to TRY 5.2 billion, while the net profit rose by 12% to TRY 1.7 billion. The company's guidance for 2024 has been upgraded, with an expected revenue growth of 20-22% and an EBITDA margin of 36-38%. Notable segments contributing to this growth include Turkcell Türkiye and Techfin. The Ukrainian operations have been classified as discontinued operations due to ongoing geopolitical issues, and the company is focusing on divesting these assets. Turkcell continues to prioritize digital transformation and expanding its digital services both within and outside Türkiye.
Turkcell (NYSE: TKC, BIST: TCELL) announced the filing of its Annual Report on Form 20-F for the year ended December 31, 2023, with the US Securities and Exchange Commission on May 13, 2024.
The report includes complete audited financial statements, available on Turkcell's investor relations page and in hard copy upon request.
The filing serves as a comprehensive disclosure of Turkcell's financial health and business operations over the past year.
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