Türk Telekomünikasyon Anonim Sirketi

Equities

TTKOM

TRETTLK00013

Integrated Telecommunications Services

Market Closed - Borsa Istanbul Other stock markets 11:09:55 2024-04-29 am EDT			5-day change	1st Jan Change
40.48 ^TRY	+0.65%		+5.42%	+66.17%

Apr. 18	Transcript : Türk Telekomünikasyon Anonim Sirketi, Q4 2023 Earnings Call, Apr 18, 2024
Apr. 17	Türk Telekomünikasyon Anonim Sirketi Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Turkey Wealth Fund Looking to Finance Turk Telekom Stake Acquisition with Loan from Akbank, Garanti and Isbank

January 28, 2022

Turkey's sovereign wealth fund (SWF), namely the Turkey Wealth Fund (TWF/TVF), is reportedly in preliminary talks with Akbank T.A.S. (IBSE:AKBNK), Turkiye Garanti Bankasi A.S. (IBSE:GARAN) and Türkiye Is Bankasi A.S. (IBSE:ISCTR) to obtain a loan to acquire a 55% stake in Türk Telekomünikasyon Anonim Sirketi (IBSE:TTKOM). The telco is owned by the three banks in question. TVF is chaired by Turkish President Recep Tayyip Erdogan.

The talks were disclosed by some unnamed people familiar with the matter who spoke to Bloomberg on January 28. The privatisation of Turk Telekom is known as one of the infamous sell-offs conducted by Erdogan's ruling Justice and Development Party (AKP).

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
TURKIYE GARANTI BANKASI	81.95 TRY	+1.36%	+7.19%	10.46B
AKBANK T.A.S.	60.35 TRY	+2.20%	+0.84%	9.46B
TÜRKIYE IS BANKASI	13.53 TRY	+1.81%	+8.07%	11.75B

Latest news about Türk Telekomünikasyon Anonim Sirketi

Transcript : Türk Telekomünikasyon Anonim Sirketi, Q4 2023 Earnings Call, Apr 18, 2024	Apr. 18
Türk Telekomünikasyon Anonim Sirketi Reports Earnings Results for the Full Year Ended December 31, 2023	Apr. 17	CI
Turk Telekom Announces Resignation of Mehmet Ali Akben as Member of the Board of Directors	Dec. 05	CI
Transcript : Türk Telekomünikasyon Anonim Sirketi, Q3 2023 Earnings Call, Nov 07, 2023	Nov. 07
Türk Telekomünikasyon Anonim Sirketi Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	Nov. 06	CI
Transcript : Türk Telekomünikasyon Anonim Sirketi, Q2 2023 Earnings Call, Aug 15, 2023	23-08-15
Türk Telekomünikasyon Anonim Sirketi Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	23-08-14	CI
Turk Telekom and ZTE Corporation Unveils Next-Generation Tivibu	23-06-20	CI
Transcript : TÃ¼rk TelekomÃ¼nikasyon A.S., Q1 2023 Earnings Call, May 09, 2023	23-05-09
Türk Telekomünikasyon Anonim Sirketi Reports Earnings Results for the First Quarter Ended March 31, 2023	23-05-08	CI
Transcript : Türk Telekomünikasyon Anonim Sirketi, Q4 2022 Earnings Call, Feb 23, 2023	23-02-23
Türk Telekomünikasyon Anonim Sirketi Reports Earnings Results for the Full Year Ended December 31, 2022	23-02-22	CI
Türk Telekomünikasyon Anonim Sirketi Provides Revenue Guidance for the Full Year 2022	22-11-09	CI
Transcript : Tnrk Telekomnnikasyon Anonim Sirketi, Q3 2022 Earnings Call, Nov 09, 2022	22-11-09
Türk Telekomünikasyon Anonim Sirketi Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022	22-11-08	CI
Transcript : Türk Telekomünikasyon Anonim Sirketi, Q2 2022 Earnings Call, Aug 09, 2022	22-08-09
Türk Telekomünikasyon Anonim Sirketi Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022	22-08-08	CI
Transcript : Türk Telekomünikasyon Anonim Sirketi, Q1 2022 Earnings Call, Apr 28, 2022	22-04-28
Türk Telekomünikasyon Anonim Sirketi Reports Earnings Results for the First Quarter Ended March 31, 2022	22-04-27	CI
Turkey Wealth Fund Management Company completed the acquisition of 55% stake in Türk Telekomünikasyon Anonim Sirketi from LYY Telekomünikasyon AS.	22-03-30	CI
Turkey Wealth Fund Management Company agreed to acquire 55% stake in Türk Telekomünikasyon Anonim Sirketi from LYY Telekomünikasyon AS for $1.7 billion.	22-03-09	CI
Türk Telekom and Odine Cooperate to Work on Cloud Native Strategic Transformation for 5G	22-03-02	CI
Parallel Wireless, Türk Telekom and Juniper Networks Announce Leading-Edge Open Ran Initiative in Turkey	22-02-22	CI
Transcript : Türk Telekomünikasyon Anonim Sirketi, Q4 2021 Earnings Call, Feb 16, 2022	22-02-16
Türk Telekomünikasyon Anonim Sirketi Reports Earnings Results for the Full Year Ended December 31, 2021	22-02-15	CI

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Company Profile

Turk Telekomunikasyon AS is a Turkey-based company, which is engaged, together with its subsidiaries, in the telecommunication sector. The Group provides local, national, international and mobile telecommunication services, internet products and services, as well as call center and customer relationship management, technology and information management. Turk Telekomunikasyon AS operates under the following segments: Fixed Line and Mobile. Fixed Line services are provided by Turk Telekom, TTNET AS, Argela Yazilim ve Bilisim Teknolojileri Sanayi ve Ticaret AS, Innova Bilisim Cozumleri AS, Sebit Egitim ve Bilgi Teknolojileri AS, AssisTT Rehberlik ve Musteri Hizmetleri AS and TTINT Group whereas Mobile service is provided by Avea Iletisim Hizmetleri AS.

Sector

Integrated Telecommunications Services

Calendar

2024-05-06 - Q1 2024 Earnings Release (Projected)

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OUTPERFORM

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Last Close Price

40.22 TRY

Average target price

36.8 TRY

Spread / Average Target

-8.51%

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