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Derrick
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Turkcell is the leading mobile phone operator of Turkey, based in Istanbul. The company has 34.1 million subscribers as of June 30th, 2011.
In February 1994, Turkcell started Turkey's first GSM network. In 2011 it has a market share of 54%. Its competitors are Vodafone with a market share of 27% and Avea with a market share of 19%.
Turkcell is the first Turkish company to be listed on the New York Stock Exchange (NYSE)(TKC), where its shares have been traded since July 11, 2000 along with trading on the Istanbul Stock Exchange (IMKB).
Turkcell's shareholder structure is as follows: 51% is held by Turkcell Holding A.Ş., 0.05% by Çukurova Holding A.Ş., 13.07% by Sonera Holding B.V., 1.18% by MV Holding A.Ş., 0.01% by others, and the free float is 34.69%. Çukurova Group controls the company despite holding only 18% of the share capital, due to a complicated shareholding/voting structure. Çukurova Group agreed to sell a large stake to TeliaSonera in March 2005. They have since then been debating whether this agreement is binding. In August 2009 the International Chamber of Commerce issued an award stating that Cukurova must deliver all the remaining shares in Turkcell Holding to TeliaSonera.
Turkcell also provides GSM services internationally. It has 9.6 million subscribers via Fintur and its affiliates in partnership with TeliaSonera in Azerbaijan, Kazakhstan, Georgia and Moldova, as of September 30, 2007. Turkcell's Ukrainian majority-held business, Astelit, has 10.6 million subscribers.
Source: Wikipedia
In February 1994, Turkcell started Turkey's first GSM network. In 2011 it has a market share of 54%. Its competitors are Vodafone with a market share of 27% and Avea with a market share of 19%.
Turkcell is the first Turkish company to be listed on the New York Stock Exchange (NYSE)(TKC), where its shares have been traded since July 11, 2000 along with trading on the Istanbul Stock Exchange (IMKB).
Turkcell's shareholder structure is as follows: 51% is held by Turkcell Holding A.Ş., 0.05% by Çukurova Holding A.Ş., 13.07% by Sonera Holding B.V., 1.18% by MV Holding A.Ş., 0.01% by others, and the free float is 34.69%. Çukurova Group controls the company despite holding only 18% of the share capital, due to a complicated shareholding/voting structure. Çukurova Group agreed to sell a large stake to TeliaSonera in March 2005. They have since then been debating whether this agreement is binding. In August 2009 the International Chamber of Commerce issued an award stating that Cukurova must deliver all the remaining shares in Turkcell Holding to TeliaSonera.
Turkcell also provides GSM services internationally. It has 9.6 million subscribers via Fintur and its affiliates in partnership with TeliaSonera in Azerbaijan, Kazakhstan, Georgia and Moldova, as of September 30, 2007. Turkcell's Ukrainian majority-held business, Astelit, has 10.6 million subscribers.
Source: Wikipedia