Turkcell (NYSE: TKC) gets CMB approval for Artel merger with TRY 2.2B capital unchanged
Rhea-AI Filing Summary
Turkcell İletişim Hizmetleri A.Ş. reported that Türkiye’s Capital Markets Board approved its planned merger through acquisition of its wholly owned subsidiary Artel Bilişim Servisleri A.Ş. under a "Merger via Facilitated Procedure." The approval was issued in a bulletin dated November 25, 2025, following Turkcell’s application on September 16, 2025.
The merger is structured as an acquisition of Artel, which is not traded on the stock exchange, into Turkcell. The tables show that Turkcell’s paid-in capital remains at TRY 2,200,000,000, with TRY 0 capital increase and TRY 0 capital decrease indicated, suggesting no change to total share capital as part of this internal reorganization. Separate share groups are listed with paid-in capital of TRY 330,000,000 for Group A and TRY 1,870,000,000 for Group B, maintaining the same aggregate capital level.
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FAQ
What merger did Turkcell (TKC) announce in this 6-K filing?
Turkcell İletişim Hizmetleri A.Ş. announced that it will complete a merger through acquisition of its wholly owned subsidiary Artel Bilişim Servisleri A.Ş. under a "Merger via Facilitated Procedure" approved by the Capital Markets Board.
Did the Turkcell (TKC) and Artel merger change Turkcell’s total share capital?
The merger tables show Turkcell’s total paid-in capital at TRY 2,200,000,000, with TRY 0 capital increase and TRY 0 capital decrease, indicating no change to overall share capital as part of this transaction.
When did the Capital Markets Board approve the Turkcell (TKC)–Artel merger?
The Capital Markets Board approval for the merger was given in a decision published in a bulletin dated November 25, 2025, following Turkcell’s application on September 16, 2025.
Is Artel Bilişim Servisleri A.Ş. publicly traded?
No. The disclosure specifies that Artel Bilişim Servisleri A.Ş. is not trading on the stock exchange.
How is Turkcell’s paid-in capital structured between share groups after the merger with Artel?
The tables list Group A (not trading) with paid-in capital of TRY 330,000,000 and Group B (TCELL) with paid-in capital of TRY 1,870,000,000, for a total paid-in capital of TRY 2,200,000,000.
Where can investors find more details on the Turkcell–Artel merger agreement?
The announcement states that the announcement text and merger agreement are available in Turkish on Turkcell’s website, and provides contact details for Turkcell Investor Relations for further information.