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Turk Telekomunikasyon FY Net Profit Rises To 3.18 Bln Lira
Turk Telekom To Pay Dividend Of Gross 0.1718 Lira Per Share
Turk Telekom Q3 Net Profit Decreases To 432.3 Mln Lira YoY
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.
Ornek Mahallesi Turgut Ozal Bulvari 2
Omer Fatih Sayan
Chairman of the Board of Directors / Member of the Board of Directors
Vice Chairman of the Board of Directors / Member of the Board of Directors
Finance Assistant General Manager
CEO – General Manager Marketing and Customer Care Assistant General Manager (Acting) Corporate Sales Assistant General Manager (Acting)
Technology Assistant General Manager
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Turkey named Salim Arda Ermut the new chief executive of its wealth fund on Tuesday in the latest in a flurry of top level changes that began in early November when a new central bank governor and finance minister were appointed.
Turkey appointed Salim Arda Ermut as the new chief executive of its sovereign wealth fund, according to a presidential decision published in the official gazette on Tuesday.
Turkey's sovereign investment company aims to generate some $10 billion in funds annually in coming years, initially for investment in domestic petrochemical, mining and insurance industries before looking abroad, its CEO Zafer Sonmez told Reuters.
Shares in Turkish insurance companies jumped on Friday after the country's sovereign wealth fund took over insurance and pension companies owned by state banks with a 6.54 billion lira ($938 million) investment.
Turk Telekom has restored internet access after a cyber attack caused connectivity problems, the company said on Monday, adding that it was working to limit any ongoing impact of the issue on users.
Turk Telekom has been hit by a cyber attack that has led to problems with internet access, the Turkish telecoms company said on Monday.
Turkey's sovereign wealth fund will take over insurance and pension companies owned by state lenders and consolidate them in an effort to increase their global competitive power, it said on Friday.
The Turkish wealth fund will invest around $10 billion for the construction of a petrochemical refinery in southern Turkey, the state-run Anadolu news agency said on Tuesday, in a move it said was aimed at alleviating the country's trade deficit.
Three Turkish banks said on Thursday they had mandated Morgan Stanley <MSMSI.UL> as financial adviser for the sale of a special purpose vehicle (SPV) that holds a 55% stake in Turk Telekom <TTKOM.IS>, sending the company's shares up.
Turkey aims to take bids in June in a tender for the operating rights of the national lottery, and it aims to complete the deal by year end, the head of the country's sovereign wealth fund was reported on Thursday as saying.
Turk Telekom said on Friday it had carried out a $500 million bond issue successfully, with demand at five times the issue volume from 264 investors in 39 countries. (Reporting by Orhan Coskun; Editing by Daren Butler)
Here are some factors that may affect Middle East stock markets on Sunday. Reuters has not verified the press reports and does not vouch for their accuracy.
Turk Telekom shares previously held by Ojer Telekom (OTAS) have been moved to a special purpose vehicle, three Turkish banks said on Saturday, setting the company up for new owners after the majority shareholder missed several payments.
Turk Telekom shares previously held by Ojer Telekom (OTAS) have been transferred to a special purpose vehicle, three Turkish banks said in a statement on Saturday.
Nasdaq no longer has a stake in Borsa Istanbul, according to partnership structure data on the Turkish stock exchange's website on Wednesday, having previously held a 7 percent stake.
Turkish President Tayyip Erdogan said authorities should look into members of the opposition who serve on the board of Isbank, Hurriyet newspaper said on Monday, knocking the shares of the country's largest listed lender.
Turkish President Tayyip Erdogan has appointed himself chairman of the country's sovereign wealth fund and completely changed its board, naming Finance Minister Berat Albayrak as his deputy, the country's Official Gazette said on Wednesday.
The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Friday:
Turkish fixed-line operator Turk Telekom said on Friday that it clinched a cooperation deal with Vestel after President Tayyip Erdogan called on Turks to use locally-made mobile phones instead of Apple's iPhone.
Turkey's BTK communications authority has approved the transfer of a 55 percent stake in Turk Telekom owned by Ojer Telekom (OTAS) to a special purpose vehicle (SPV) set up by creditor banks, Turk Telekom said on Friday.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.