TURKCELL ILETISIM HIZMETLERI A S SEC Filings

Turkcell İletişim Hizmetleri A.Ş. completed a domestic financing bond issuance with a nominal amount of TRY 750,000,000, sold by private placement to qualified investors in Türkiye. The bond carries a fixed annual simple interest rate of 39.25% and an annual compound rate of 45.28616%, with an issue price of 100 and trading on the stock exchange. The maturity date is February 24, 2026, giving a 96-day term from the maturity starting date of November 20, 2025.

This bond was issued under Turkcell’s previously approved TRY 10,000,000,000 overall issuance limit from the Capital Markets Board. It has a single coupon payment on February 24, 2026, with a periodic interest rate of 10.32329%. Rating agency JCR Avrasya Derecelendirme A.Ş. assigned a Long Term National Rating of AAA (tr) as of May 29, 2025, which is classified as investment grade.

Turkcell Iletisim Hizmetleri A.S. reported that the capital of its wholly owned subsidiary Kıbrıs Mobile Telekomünikasyon Limited has been increased by TRY 500,000,000 to a total of TRY 922,724,863.

Turkcell’s pre-emption rights in this capital increase were fully paid, meaning the company participated in the increase and maintained its ownership in Kıbrıs Telekom.

Turkcell İletişim Hizmetleri A.Ş. (TKC) reported share buy-back activity. On November 12, 2025, the company repurchased 2,093,944 shares at an average price of TRY 95.58, for a total transaction value of TRY 200,141,178.

The buy-back, conducted under the company’s existing program to support healthy price formation and protect stakeholder interests, covered Group B, TCELL, TRATCELL91M1 shares and represented a 0.095% ratio to capital on the transaction date.

Turkcell (TKC) announced a strategic partnership with Google Cloud to deliver Google Cloud services in Türkiye and support a planned new Google Cloud region in the country. Turkcell will collaborate on infrastructure for the region, targeted to become operational during 2028–2029, and will act as a reseller of Google Cloud services.

The planned region will have three or more zones and provide local infrastructure to help customers address data residency needs while enabling low-latency services. Turkcell projects its data center capacity to increase by more than double by the end of 2032 and targets a sixfold increase in data center and cloud revenues in USD terms over the same period. Turkcell projects investment of 1 billion USD by the end of 2032.

Turkcell reported solid Q3 2025 results under IAS 29 inflation accounting. Revenue reached TRY59.5 billion, up 11.2% year over year, driven by ARPU gains, subscriber growth, and Techfin. EBITDA was TRY26.2 billion, up 10.5%, with a 43.9% margin. EBIT rose 18.6% to TRY10.4 billion. Profit from continuing operations increased 31.8% to TRY5.38 billion. Net income was TRY5.40 billion, lower versus last year due to a prior one‑off from discontinued operations.

Turkcell added 569 thousand postpaid customers, taking the postpaid mix to 79% and total mobile subscribers above 39 million. Mobile blended ARPU excluding M2M grew 11.9%; residential fiber ARPU rose 17.3%. Techfin grew 20.0%, with Paycell revenue up 41.7%. Data center and cloud revenues increased 51% in real terms, with active capacity at 50 MW.

Cash was TRY122.3 billion and consolidated debt TRY181.3 billion; net debt stood at TRY19.9 billion, a 0.20x net debt/EBITDA ratio. A USD 1 billion bond was issued earlier in the year. The 5G authorization tender resulted in a liability of US$1.5 billion. Management raised 2025 outlook to around 10% revenue growth, data center/cloud up around 43%, EBITDA margin 42%–43%, and operational capex-to-sales around 23%.

Turkcell announced a board decision to issue debt instruments of up to TRY 15 billion in Turkish Lira, in the domestic markets, subject to the approval of the Capital Markets Board.

The instruments may be offered in one or more tranches with maturities of up to 2 years, and structured at a discount and/or with fixed or variable coupons depending on market conditions. The issuance will be conducted without a public offering, through private placement and/or sales to institutional investors.

Turkcell announced it won 160 MHz of 5G spectrum for $1,224 million (excluding VAT) in an ICTA tender, with rights valid until December 31, 2042. The fee will be paid in three equal installments on January 2, 2026, December 25, 2026, and May 2, 2027, and the tender will be finalized after legal requirements are completed.

Turkcell reports it now has access to 394.4 MHz out of 949.2 MHz available in Türkiye, about 42% of total frequencies. The package includes 700 MHz (FDD) 2x10=20 MHz ($429M) and 3.5 GHz (TDD) 1x80=80 MHz ($214M) plus 3x20=60 MHz ($581M). Existing 2G/3G/4.5G authorizations can be extended to December 31, 2042; between April 30, 2029 and 2042, 5% of gross mobile service revenues (excluding VAT) will be paid annually to ICTA. 5G service is planned to launch on April 1, 2026.

Turkcell İletişim Hizmetleri A.Ş. announced the redemption of its 10-year Eurobond at maturity. The bond, issued on October 15, 2015 with a 5.75% coupon and a 5.95% reoffer yield, reached maturity on October 15, 2025, and the company confirmed that all scheduled coupon and principal payments were completed.

The instrument was issued to qualified investors under both Reg S and Rule 144A tranches, and each semiannual coupon from 2016 through 2025 was paid as planned, culminating in full principal repayment at maturity.

Turkcell Iletisim Hizmetleri A.S. reported that the capital of its wholly-owned subsidiary Turktell Bilişim Servisleri A.Ş. was increased by TRY 2,000,000,000 to a total of TRY 22,220,306,252. Turkcell fully exercised its pre-emption rights in this capital increase and paid the entire amount in cash, strengthening Turktell’s equity base.