Tuesday, March 03, 2009
Turk cell
Turk cell (NYSE: TKC) is the leading mobile phone operator of Turkey, based in Istanbul. The company has 36.3 million subscribers by the end of September 2008, making it the third biggest in Europe.
In February 1994, Turk cell started Turkey's first GSM network. Its competitors are Vodafone with a market share of 24% and Avea with a market share of 16%.
Turk cell is the first Turkish company to be listed on the New York Stock Exchange (NYSE), where its shares have been traded since July 11, 2000 along with trading on the Istanbul Stock Exchange (IMKB).
Turk cell's shareholder structure is as follows: 51% is held by Turk cell Holding A.Ş., 4.15% by Çukurova Holding A.Ş., 13.07% by Sonera Holding B.V., 2.32% by MV Holding A.Ş., and the free float is 29.38%. Çukurova Group controls the company despite holding only 18% of the share capital, due to a complicated shareholding/voting structure.
Turk cell 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. Turk cell's Ukranian majority-held business, Astelit, has 10.6 million subscribers.
In February 1994, Turk cell started Turkey's first GSM network. Its competitors are Vodafone with a market share of 24% and Avea with a market share of 16%.
Turk cell is the first Turkish company to be listed on the New York Stock Exchange (NYSE), where its shares have been traded since July 11, 2000 along with trading on the Istanbul Stock Exchange (IMKB).
Turk cell's shareholder structure is as follows: 51% is held by Turk cell Holding A.Ş., 4.15% by Çukurova Holding A.Ş., 13.07% by Sonera Holding B.V., 2.32% by MV Holding A.Ş., and the free float is 29.38%. Çukurova Group controls the company despite holding only 18% of the share capital, due to a complicated shareholding/voting structure.
Turk cell 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. Turk cell's Ukranian majority-held business, Astelit, has 10.6 million subscribers.
# posted by margh @ 2:48 PM 
