Edition:
United States

Turk Telekomunikasyon AS (TTKOM.IS)

TTKOM.IS on Istanbul Stock Exchange

6.23TRY
10 Dec 2017
Change (% chg)

0.11TL (+1.80%)
Prev Close
6.12TL
Open
6.17TL
Day's High
6.30TL
Day's Low
6.13TL
Volume
9,970,754
Avg. Vol
4,380,989
52-wk High
7.38TL
52-wk Low
5.10TL

Latest Key Developments (Source: Significant Developments)

Turk Telekom decides to fully participate in share capital increase of unit Avea
Wednesday, 6 Dec 2017 10:19am EST 

Dec 6 (Reuters) - TURK TELEKOMUNIKASYON AS ::DECIDES TO FULLY PARTICIPATE IN SHARE CAPITAL INCREASE OF UNIT AVEA.ITS UNIT AVEA TO INCREASE SHARE CAPITAL TO 15.80 BILLION LIRA FROM 11.20 BILLION LIRA.  Full Article

Turk Telekom signs long-term loan agreement worth $100.0 mln with Bank Of America
Monday, 4 Dec 2017 12:09am EST 

Dec 4 (Reuters) - TURK TELEKOMUNIKASYON ::SIGNS LONG-TERM LOAN AGREEMENT WORTH OF USD 100.0 MILLION WITH BANK OF AMERICA .THE MATURITY DATE OF THE LOAN IS JANUARY 2021 AND TOTAL AMOUNT OF PRINCIPAL IS DUE MATURITY DATE .ANNUAL INTEREST RATE IS LIBOR + 1.85 PERCENT.  Full Article

Turk Telekomunikasyon to establish venture capital company
Wednesday, 15 Nov 2017 02:32am EST 

Nov 15 (Reuters) - TURK TELEKOMUNIKASYON ::TO ESTABLISH VENTURE CAPITAL COMPANY TO SUPPORT STARTUP AND MIDDLE-SIZED ENTERPRISES IN ORDER TO CREATE VALUE FROM THEIR GROWTH .PLANS TO GET STAKES IN INVESTED COMPANIES IN PROPORTION TO AMOUNT OF INVESTMENT .AIMS TO PARTICIPATE IN NEW BUSINESS MODELS BY UTILIZING POTENTIAL SYNERGIES, TO ACCELERATE INNOVATION, AND TO INCREASE EQUITY VALUE OF TARGET ENTERPRISES .  Full Article

Turk Telekom Q3 net profit jumps to 293.5 million lira
Wednesday, 25 Oct 2017 02:55am EDT 

Oct 25 (Reuters) - TURK TELEKOMUNIKASYON AS ::REPORTED ON TUESDAY Q3 REVENUE OF 4.53 BILLION LIRA VERSUS 4.112 BILLION LIRA YEAR AGO .Q3 NET PROFIT WAS 293.5 MILLION LIRA VERSUS 8.7 MILLION LIRA YEAR AGO.  Full Article

Turk Telekom reaches collective bargaining agreement with Haber-Is
Friday, 15 Sep 2017 02:55am EDT 

Sept 15 (Reuters) - TURK TELEKOMUNIKASYON AS ::SAID ON THURSDAY REACHED AGREEMENT WITH HABER-IS TRADE UNION ON COLLECTIVE BARGAINING AGREEMENT .THE COLLECTIVE LABOR AGREEMENT COVERING APPROXIMATELY 12,000 UNION MEMBERS IN TURKEY WILL BE VALID FOR 2 YEARS STARTING FROM MARCH 1, 2017.  Full Article

Karel Elektronik signs a framework contract with Turk Telekom for $7.3 mln‍​
Monday, 14 Aug 2017 10:45am EDT 

Aug 14 (Reuters) - KAREL ELEKTRONIK :SIGNS A FRAMEWORK CONTRACT WITH TURK TELEKOM AT $7.3 MILLION‍​.THE CONTRACT IS FOR PROCUREMENT, INSTALLATION AND TECHNICAL SUPPORT SERVICES OF RADIO LINK TRANSMISSION SYSTEMS.  Full Article

Turk Telekom says Avea-Vodafone Evrensel JV established between Avea and Vodafone
Wednesday, 5 Jul 2017 08:58am EDT 

July 5 (Reuters) - TURK TELEKOMUNIKASYON AS ::A JOINT VENTURE, AVEA-VODAFONE EVRENSEL IS ORTAKLIGI, ESTABLISHED BETWEEN UNIT AVEA (51%) AND VODAFONE (49%) .THE JV SET UP FOR THE PROJECT TO PROVIDE AND OPERATE MOBILE COMMUNICATIONS INFRASTRUCTURE IN AREAS WHERE THERE IS CURRENTLY NO INFRASTRUCTURE.  Full Article

Turk Telekomunikasyon proposes to not to pay dividend for FY 2016
Tuesday, 25 Apr 2017 11:57am EDT 

April 25 (Reuters) - Turk Telekomunikasyon AS ::Proposes to not to pay dividend for FY 2016.  Full Article

Turk telekomunikasyon Q1 net profit down at 65.7 mln lira
Tuesday, 25 Apr 2017 11:42am EDT 

April 25 (Reuters) - Turk Telekomunikasyon As :Q1 net profit of 65.7 million lira ($18.34 million) versus 407.7 million lira year ago.Q1 revenue of 4.31 billion lira versus 3.8 billion lira year ago.  Full Article

Turk Telekom says maturity date of $100 mln loan from Bank of Tokyo Mitsubishi UFJ extended for 3 yrs
Monday, 3 Apr 2017 11:25am EDT 

Turk Telekomunikasyon AS : The maturity of $100 million loan agreement with Bank Of Tokyo Mitsubishi UFJ announced via 26th March 2014 dated regulatory disclosure and maturing on 31st march 2017 has been extended for 3 years .Annual interest rate of the new 3-year loan is libor + 1.75 percent.  Full Article

Turk Telekom CEO to take hard line on spending, focus on paying out dividends

ISTANBUL Turk Telekom has no plans to take on new debt and aims to keep capex spending to a minimum under a new five-year strategy, its chief executive told Reuters, as it focuses on paying out dividends.