Turkcell (NYSE: TKC) finalizes Artel merger; paid-in capital stays TRY 2.2B
Rhea-AI Filing Summary
Turkcell İletişim Hizmetleri A.Ş. reports that its merger through acquisition of its wholly owned subsidiary Artel Bilişim Servisleri A.Ş. has been completed and registered with the Trade Registry. This transaction follows a board decision dated 22 August 2025 and uses financial statements as of 30 June 2025 as the merger basis.
The merger is structured as a facilitated procedure under Turkish regulations and involves no change in Turkcell’s paid-in capital. Group A shares with paid-in capital of TRY 330,000,000 and Group B shares with paid-in capital of TRY 1,870,000,000 together total a paid-in capital of TRY 2,200,000,000. The tables state that the amount of capital to be increased or decreased due to the acquisition is TRY 0, so the target capital remains TRY 2,200,000,000.
The Capital Markets Board application regarding the merger was approved, with approval dated 25 November 2025, and the registry date of the merger is 31 December 2025. Overall, this is an internal reorganization step that consolidates a non‑listed, wholly owned subsidiary into the parent without altering the company’s registered capital structure.
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FAQ
What did Turkcell (TKC) announce regarding Artel Bilişim Servisleri A.Ş.?
Turkcell announced that the merger through acquisition of its wholly owned subsidiary Artel Bilişim Servisleri A.Ş. has been completed and registered with the Trade Registry as of 31 December 2025.
Did Turkcells merger with Artel change its paid-in capital?
No. The tables state that the amount of capital to be increased or decreased due to the acquisition is TRY 0, so Turkcells total paid-in capital remains TRY 2,200,000,000.
What is Turkcells capital structure after the Artel merger?
After the merger, paid-in capital totals TRY 2,200,000,000, consisting of Group A shares with paid-in capital of TRY 330,000,000 and Group B shares with paid-in capital of TRY 1,870,000,000.
When did regulators approve Turkcells merger with Artel?
The Capital Markets Board application regarding the merger received approval, with the approval date given as 25 November 2025. The merger was then registered on 31 December 2025.
What merger model did Turkcell use for the Artel transaction?
The transaction is described as a Merger Through Acquisition via a Merger via Facilitated Procedure with Artel Bilişim Servisleri A.Ş., which is not traded on the stock exchange.
Which financial statements formed the basis of Turkcells merger with Artel?
The merger is based on financial statements dated 30 June 2025, as specified in the table describing the merger terms.
