Turkcell Iletisi Stock Price, News & Analysis

Turkcell and VEON's Jazz have signed a memorandum of understanding to introduce the BiP communication app in Pakistan. This strategic partnership aims to boost BiP's adoption, enhancing digital communication in the region. BiP offers instant messaging, voice and video calls, and unique features such as translation across 192 countries, with nearly 99 million downloads. Turkcell's CEO emphasized the importance of expanding digital services, while Jazz's CEO highlighted their strategy to serve over 120 million users. This collaboration not only strengthens ties between Turkey and Pakistan but also targets the growth of digital economies.

Paycell, Türkiye's leading digital payment platform, has partnered with Nium to provide efficient account-to-account international money transfers. This collaboration allows users to execute transactions with lower fees and faster access to funds, available 24/7. Paycell’s expansion includes innovative solutions aiming to meet evolving user demands for low-cost money transfers. As of Q3 2022, Paycell reached over 7 million active users, tripling its trading volume year-over-year, and is actively investing in international markets to enhance financial inclusivity.

Turkcell (NYSE: TKC) has received a ruling from the South Gauteng High Court of South Africa stating that Iranian law applies to its long-standing lawsuit against MTN. The court ruled that Iranian courts have jurisdiction over the dispute, which Turkcell plans to appeal. Turkcell's vice president expressed disappointment, emphasizing the need for South African law to be applied due to alleged illegal actions by MTN. This decision may undermine trust in South Africa's judiciary and affect foreign investments in South African companies.

Turkcell reported a robust financial performance for Q3 and the first nine months of 2022, with revenues soaring 56.7% year-on-year to TRY 14.7 billion. EBITDA increased by 48.7% to TRY 6.0 billion, while net income rose 67.6% to TRY 2.4 billion. The company attributed growth to a larger subscriber base, improved ARPU, and contributions from international operations and digital services. An upgraded guidance for 2022 anticipates revenue growth of 47%-48% and EBITDA of approximately TRY 21 billion. The subscriber base expanded by 1 million quarterly in Turkey.

Paycell, Turkcell's digital payment platform, has opened its office in Stuttgart to expand in Europe. The aim is to provide cost-effective financial solutions through a partnership with Solaris, a leader in embedded finance. Paycell Europe will focus on delivering services like money remittance and digital wallets, building on its success in Türkiye, where it reached 7 million active users in Q2 2022. This strategic move aligns with Turkcell's goal to enhance its position in the fintech sector.

Turkcell Superonline has partnered with Equinix, a leading digital infrastructure company, to enhance its operational efficiency and customer service capabilities. This strategic alliance aims to bolster Turkey's position as a digital bridge between East and West. The partnership will enable both companies to better manage customer processes and digital needs globally. Emre Erdem, General Manager of Turkcell Superonline, emphasized that this collaboration aligns with their vision of transforming the Silk Road into a fiber road, positioning Turkey favorably in the global market.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) reported robust financial results for Q2 2022. Revenue soared 46% year-on-year to TRY 12.5 billion, with EBITDA increasing 45% to TRY 5 billion, reflecting strong subscriber growth and ARPU acceleration. Net income rose 67% to TRY 1.9 billion. Turkcell's subscriber base expanded by 579,000 in Q2, contributing to a 32.9% growth in mobile ARPU. The company revised its 2022 guidance, now targeting over 40% revenue growth and approximately TRY 20 billion EBITDA. The net leverage stands at 1.2x, indicating solid financial health.

In the first quarter of 2022, Turkcell (NYSE:TKC) reported a significant revenue increase of 36.7% year-on-year, reaching TRY 10,695 million, alongside a 30.1% rise in EBITDA to TRY 4,302 million. Despite these gains, net income fell 27.3% to TRY 803 million, reflecting challenges in profitability. The company achieved robust operational results with a net addition of 577,000 subscribers, while maintaining a healthy net leverage level at 1.2x. Turkcell continues to target around 30% revenue growth and aims for an EBITDA of approximately TRY 19 billion for the year.

Turkcell (NYSE: TKC) has filed its Annual Report on Form 20-F for the fiscal year ending December 31, 2021, with the US Securities and Exchange Commission as of April 14, 2022. The report, which includes complete audited financial statements, is available online at Turkcell's investor relations website. Stakeholders can also obtain hard copies of the financial statements upon request. This filing is crucial for transparency and compliance, underscoring Turkcell's commitment to providing investors with detailed financial information.