Turk Telekomunikasyon AS (TTKOM.IS)
17 Feb 2017
* Sees 2017 consolidated revenue growth (excluding construction revenue adjustment) to be 8 percent to 9 percent over 2016
ANKARA Turkey has transferred government stakes worth billions of dollars in Turkish Airlines, major banks and fixed-line operator Turk Telekom to a sovereign wealth fund set up last year to help finance big-ticket infrastructure projects.
(The following statement was released by the rating agency) LONDON, February 01 (Fitch) Fitch Ratings has affirmed Turkcell Iletisim Hizmetleri A.S's (TCELL) Long-Term Issuer Default Rating (IDR) and senior unsecured rating at 'BBB-'. The Outlook on the IDR is Negative. TCELL has a stronger underlying business, operating and financial profile than reflected in its 'BBB-' rating. Constraints include potential further material FX depreciation, and expectations of leverage rising to management
(The following statement was released by the rating agency) LONDON, January 16 (Fitch) Fitch Ratings has affirmed Turkcell Iletisim Hizmetleri A.S's (TCELL) Long-term Issuer Default Rating (IDR) and senior unsecured rating at 'BBB-'. The Outlook on the IDR is Negative. TCELL has a stronger underlying business, operating and financial profile than would otherwise be reflected in its 'BBB-' rating. Constraints include the potential for further material FX depreciation, sovereign correlation a
* Unit Avea Iletisim Hizmetleri signed a long-term loan agreement with BNP Paribas, Raiffeissen, and Unicredit under the insurance coverage of Finnvera (Finnish export credit agency) and under Türk Telekom guarantee
* Murat Kirkgoz, who has served as chief financial officer since October 2012, decided to leave his position effective from December 1
ANKARA, Oct 31 The Turkish state is not intervening to solve debt repayment problems related to Turk Telekom but does want to ensure its 30 percent stake will not lose value, a source in President Tayyip Erdogan's office said on Monday.
ANKARA, Oct 31 Turkish Prime Minister Binali Yildirim said efforts were underway to resolve debt repayment problems at the main shareholder in partly state-owned Turk Telekom, including a formula to "permanently" overcome the difficulties.
DUBAI/RIYADH The Saudi Arabian government has ended talks aimed at saving construction giant Saudi Oger, which is now facing the prospect of a multi-billion-dollar debt restructuring to stave off collapse, according to sources aware of the matter.