Statement on the Sale of Turkcell Shares

One of Turkey's largest GSM operators Turkcellis preparing for a large-scale share sale. Shares held by Telia, the Swedish partner of the company Türkiye Wealth Fund It was claimed that he would sell it to a company named. Telia currently owns a significant percentage of Turkcell's shares. for 530 million dollars It is expected that all of these shares will be transferred to the Türkiye Wealth Fund. 

Turkish Wealth Fund, established by the government in 2016, is headed by Turkish President Recep Tayyip Erdoğan. Companies such as THY, TP, PTT, Halkbank, TCDD also operate under this company. If the deal is completed, Turkcell will also have a significant stake. Türkiye Wealth Fund will be taken by. 

After these allegations emerged recently, a statement came from Telia Company.

Telia Company's statement:

“Telia Company draws attention to the speculations regarding the potential disposal of its share in Turkcell Holding and confirms that negotiations regarding the disposal of its indirect share in Turkcell, which is worth 530 million dollars, are still ongoing.

Negotiations are still ongoing and in an advanced stage, but no agreement has yet been reached. Telia Company has no further comment at this stage, but further communication will be made where appropriate and necessary.

Telia Company owns 47.1 percent of Turkcell Holding, a holding company of LetterOne and Tellia Company. The holding holds 51 percent of Turkcell. “

Telia We see from the statements made by Turkcell that a new partner may come to Turkcell very soon. In its statement, Telia did not disclose which companies it was in talks with about the share sale, but according to the information revealed, this company is the Türkiye Wealth Fund. We will keep you informed as new information comes about the large-scale sale.