Key Developments: Turkcell Iletisim Hizmetleri AS (TKC)
16.24USD
17 May 2013
$0.01 (+0.06%)
$16.23
$16.17
$16.32
$15.99
653,121
490,735
$17.80
$10.75
Latest Key Developments (Source: Significant Developments)
Turkcell Iletisim Hizmetleri AS Issues FY 2013 Revenue Guidance In Line With Analysts' Estimates-Conference Call
Turkcell Iletisim Hizmetleri AS announced that for fiscal 2013, it expects revenue growth expectation, in dollar terms, is high single digits. The Company reported revenues of $5.866 billion in fiscal 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $6.324 billion for fiscal 2013. Full Article
Turkcell Iletisim Hizmetleri AS Issues FY 2013 Guidance-Conference Call
Turkcell Iletisim Hizmetleri AS announced that for fiscal 2013, it expects Group revenues in the range of TRY11.2 billion to TRY11.4 billion and EBITDA in the range of TRY3.3 billion to TRY3.5 billion. Full Article
Standard and Poor's Affirms Turkcell Iletisim Hizmetleri AS's Credit Rating
Turkcell Iletisim Hizmetleri A.S. announced that Standard and Poor's affirmed its local and foreign currency rating as BB+ and changed its long term credit rating outlook from positive to stable. Full Article
Turkcell Iletisim Hizmetleri AS Raises FY 2012 Revenue Guidance; Raises Low End Of Prior FY 2012 EBITDA Guidance
Turkcell Iletisim Hizmetleri AS announced that for fiscal 2012, it expects revenue in the range of TRY 10.3-10.4 billion and EBITDA in the range of TRY 3.1-3.2 billion for 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of TRY10.2 billion and EBITDA of TRY3.1 billion for fiscal 2012. Full Article
Turkcell Iletisim Hizmetleri A.S. Asserts U.S. Jurisdiction In Corruption And Bribery Lawsuit Against MTN Group Ltd
Turkcell Iletisim Hizmetleri A.S. announced that it has filed in a U.S. District Court substantial legal justification for the court to consider Turkcell's corruption and bribery lawsuit against MTN Group Ltd. and its subsidiary MTN International Limited (together MTN). Turkcell's original legal complaint alleges MTN engaged in acts of corruption and bribery to steal Turkcell's award of the Iranian GSM telecommunications license in 2004 and 2005. This latest legal filing was in response to MTN's motion to remove the case from U.S. courts. Citing MTN's violations of international norms of law, Turkcell asserts that MTN's promises of military arms and International Atomic Energy Agency votes plus its payment of multiple bribes are more than adequate to support the American court's jurisdiction over the case under the Alien Tort Statute. Turkcell also provided the court with a detailed description of MTN's extensive business dealings in the United States supporting personal jurisdiction. Turkcell's claim is supported by sworn testimony from MTN's own director of Iran operations detailing MTN's extraordinary tortious corruption and bribery in violation of the law of nations. MTN will have 15 days to file a reply brief with the Court, following which the U.S. court is expected to rule on the jurisdiction question. Full Article
Turkcell Iletisim Hizmetleri A.S. Raises FY 2012 Revenue Guidance; Raises Low End Of Prior FY 2012 EBITDA Guidance-Conference Call
Turkcell Iletisim Hizmetleri A.S. announced that for fiscal 2012, it expects revenues in the range of TRY10,100 -10,300 million with Group EBITDA in the range of TRY3,050-3,200 million. Full Article
MTN Group Limited Files Motion To Dismiss Turkcell Iletisim Hizmetleri A.S.' US Lawsuit-DJ
Dow Jones reported that MTN Group Limited has filed papers in the U.S. in a bid to dismiss a lawsuit concerning a deal in Iran brought against it by Turkcell Iletisim Hizmetleri A.S. In March, Turkcell filed a lawsuit in the U.S. District of Columbia against MTN seeking $4.2 billion in damages related to the award of a license in Iran. The filing comes after a deposition by Turkcell's key witness, a former MTN executive in Iran, accusing the South African mobile phone company of bribing officials from Iran and South Africa. It also takes place against a background of U.S. and Europe ramping up sanctions against Iran and those that do business with the country. Turkcell filed the suit in the U.S. under the Alien Tort Statute, which has mainly been used for human rights violations and allows non-U.S. citizens to bring civil suits in U.S. federal courts for violations of international law. Turkcell alleges that MTN engaged in bribery and other acts of corruption to secure the license. Full Article
Turkcell Iletisim Hizmetleri A.S. Issues FY 2012 Guidance-Conference Call
Turkcell Iletisim Hizmetleri A.S. announced that for fiscal 2012, it expect consolidated revenue in the range of TRY9,900 million -TRY10,100 million and expects consolidated EBITDA of TRY3,000 million -TRY3,200 million. Full Article
Turkcell withdraws U.S. lawsuit against MTN Group
WASHINGTON - Turkish telecom company Turkcell dropped its multibillion-dollar U.S. lawsuit against rival African mobile phone group MTN Group, citing a recent U.S. Supreme Court ruling that hurt its case.
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