WKN 502723 - TURKCELL ILETISIM HIZMETLERI AS - NEWS??? - 500 Beiträge pro Seite

[Stoni_I]

Wat gibt es denn hier neues?

Habe nur historische Threads gefunden, die Aktie ist aber wohl noch nicht historisch, sondern hat sich wieder von 0,5 Cent auf 0,9 Cent erholt. Stecke momentan mit etwa 300.000 Stück mit EK 0,009 drin.

Hat einer Meinungen zu Aussichten allgemein und speziell in diesem Wert? - Stichworte:
Wirtschaftserholung in der Türkei
Aufbau (?) im Irak
Inflationsbekämpfung
Marktentwicklung
Konkurrenzsituation

[AdHick]

Zumindest der Name dürfte wohl konkurrenzlos sein!

[Stoni_I]

Endlich mal eine Meldung in deutscher Sprache!

---------------------------------------------
Deutsche Telekom unterliegt Turkcell bei GSM-Auftrag in Iran

Paris (vwd) - Die Turkcell Iletisim Hizmetleri AS (TKC) hat von Iran die Lizenz zum Betreiben eines Mobilfunknetzes in dem Land erhalten. Der türkische Anbieter hat damit die Deutsche Telekom AG, Bonn, aus dem Rennen um die Lizenz geschlagen, sagte Alexandre Markarov, Banker bei der BNP Paribas. BNP hatte die Regierung Irans bei der Transaktion beraten. Keba Keinde, ebenfalls von BNP Paribas, zufolge soll es sich um das größte ausländische Investment in dem Land handeln. So sehe das Abkommen Investitionen von 3 Mrd USD vor. Die Lizenz beinhalte ein über 15 Jahre laufendes Franchise für den Betrieb des Netzes.

Turkcell gehört zu 37,5% zur TeliaSonera AB, Farsta.
vwd/DJ/18.2.2004/mi/tw

18.02.2004, 14:45
---------------------------------------------

Vielleicht sind die ja auch noch beim Aufbau im Irak mit dabei. Das Militär der Türkei war und ist im Iran ja ziemlich engagiert.

Und von den wirtschaftlichen Rahmenbedingungen her gibt`s doch auch eine Verbesserung - oder? - Jedenfalls fand ich, das der Erdogan die Merkel hat ziemlich alt aussehen lassen.

Wenn ich überhaupt jemals eine Aktie über Jahre hinaus halten sollte, dann diese.

[Stoni_I]

Und wenn man nicht täglich schaut - noch eine etwas ältere Meldung:

21.01.2004 - 17:45 Uhr
Update Turkcell Iletisim Hizmetleri : Neutral

Die Analysten der UBS Investment Bank stufen in ihrer Analyse vom 21. Januar die Aktie des türkischen Telekommunikationskonzerns Turkcell Iletisim Hizmetleri von bisher "Reduce" auf nun "Neutral" herauf. Ein Kursziel geben die Analysten nicht an.

Quelle: Finanzen.net

[Stoni_I]

Ach ja:

WKN 502723 sind die ADS. 2.500 ADS = 1 Aktie

Aktie hat die WKN 806276 und liegt gerade in FFM bei 25,20 Euro und in USA bei 33 USD (heute + 10 %). Oder von www.turkcell.com:

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Shareholder Structure

Our principal founding shareholders are Sonera Group and the Cukurova Group Companies. Sonera is a leading international provider of mobile voice and data services, and Cukurova is one of Turkey`s leading industrial conglomerates. We have benefited from Sonera`s expertise in constructing and operating our GSM network and developing our services. We have also benefited from Cukurova`s knowledge of the local environment, particularly in relation to marketing and distribution.

The issued share capital of Turkcell is TL 500,000,000,000,000 (Approximately US$ 636 million as of March 31, 2003) consisting of 500,000,000,000 ordinary shares, nominal value TL 1,000 per share.


Turkcell`s registered shareholders are summarized in the table below:

Shareholder Number of Shares Percentage of share capital
Turkcell Holding 255,000,000,000 51.00%
Cukurova Group 76,825,540,583 15.36%
Sonera Holding B.V. 65,370,950,001 13.07%
MV Group Companies 31,595,843,750 6.32%
Other 1,422,340,666 0.29%
Publicly traded 69,785,325,000 13.96%
TOTAL 500,000,000,000 100.00 %

Turkcell`s effective ownership structure is as follows:
Shareholder Percentage of share capital
Cukurova Group 42.34%
Sonera Holding B.V. 37.08%
MV Group Companies 6.32%
Other 0.29%
Publicly traded 13.96%
TOTAL 100.00%
* Direct and indirect ownerships through Turkcell Holding A.?. combined.

Turkcell completed its initial public offering of 25,102,963,000 shares in the form of ordinary shares and American Depository Shares (ADS) on July 11, 2000. The ordinary shares are listed on the Istanbul Stock Exchange and the American Depository Shares are listed on the New York Stock Exchange and SEAQ International. As of October 4, 2001, 1 ADS represents 2,500 ordinary shares.
------------------------

Ich will ja jetzt nicht zur HV fliegen.

Beide WKN sind in Deutschland handelbar.

Für die WKN 502723 spricht theoretisch, das man hier ggf. leichter Kursgewinne einfahren kann, das ja der Jurs durch 2.500 geht und da schon mal Rundungsgewinne anfallen können. Obwohl, wer kauft dann?

Frage: Hat einer eine Meinung, welche WKN "besser" ist?

[Stoni_I]

Hallo... ... Echo!

Bin ich hier allein?

Das sind ja zur Zeit vergleichsweise zu den Vormonaten Riesenumsätze mit gewaltigen Steigerungsraten. ;o)

WKN 806276 steigt erheblich weniger.

Wer ist noch investiert?

[Scheiss_Egal]

Ich bin noch investiert, die heutigen 0,014ct. sind natürlich völlig überzogen! Ist mri aber schön öfter aufgefallen, dass es abenteuerliche Kurse gibt! Man muß genau hinschauen, rechnen und streng limitieren!

Gruß S_E

[Stoni_I]

Deshalb habe ich am Mittwoch - entgegen meinem festen Vorsatz - auch 120.000 Stück zu 0,013/0,014 Euro verkauft.

[Scheiss_Egal]

Glückwunsch, langfristig sehe ich zwar deutlich höheres Potential, insbesondere wenn die sich mit der Regierung wegen der Steuern geeinigt haben!
Man kann ja auch immer wieder einsteigen, habe auch schon öfter einige Zehntel cents mitgenommen, um dann wieder rein zu gehen. Diesmal habe ich es leider verpaßt!

Gruß S_E

[Stoni_I]

Hier wird mit allen Tricks gearbeitet! ;o)

Die Umsatzübersicht in München zeigt 800.000 Stück zu
0,009 Euro an. Dabei war auch wohl meine Order. Tatsächlich handelte es sich aber um einen Maklerfehler, d.h., die Umsätze sind gar nicht zu Stande gekommen! - Meine zunächst ausgeführte Kauf-Order wurde wieder storniert.

Also nicht verwirren lassen.

[huynh.tuan]

Hallo,
Kannst jemand erklären, was ist der Unterschied von WKN502723 und WKN806276 ? Danke.

[Stoni_I]

806276: 145 Stück Umsatz zu 25,20 Euro

502723: 240.000 Stück Umsatz zu 0,008 Euro

lt. Anzeige hier bei WO.

????

[Scheiss_Egal]

Anzeige hier bei WO ist wohl korrekt, hatte es schon mal gesagt: genau hinschauen, rechnen und streng limitieren! Ich habe sonst keine Info vom Unternehmen, also hat da mal wieder einer ein Schnäppchen gemacht. Ich leider nicht!

Gruß S_E

[Scheiss_Egal]

Auch in Istanbul nichts neues, außerdem die Antwort für huynh.tuan:

ISTANBUL STOCK EXCHANGE (TCELL)
Last 18,100 TRL
High 18,300 TRL
Low 18,000 TRL
Previous Close 18,200 TRL
Volume ( Lot ) 309,574 Lot
Change -100 TRL
Change % -0.55 %
52 Week High 19524 TRL
52 Week Low 12917 TRL
* 3 Minutes Delayed


Weekly Monthly Yearly

NEW YORK STOCK EXCHANGE (TKC)
Last 25.65 $
High 25.85 $
Low 25.40 $
Previous Close 25.61 $
Volume 68,300 ADR
Change 0.04 $
Change % 0.16 %
52 Week High 22.5 $ (01/07/2002)
52 Week Low 9.79 $ (20/06/2002)
* 3 Minutes Delayed


Haftalık Aylık Yıllık

Number of Shares Number of ADR
500,000,000,000 200,000,000
1 $ (USD) = 1,445,500 TRL 1 ADR = 2500 shares

[Scheiss_Egal]

nun aber newsfür Oberschlaumeier, ich bin nicht schneller als der türkische Staat, Stichwort Zeitverschiebung!)

TeliaSonera`s Turkcell takeover attempts to slump -FT

16.7.2004 at 11:42

Turkish Cukurova Group, writes Friday`s Financial Times, is about to restructure its 6.2 billion dollar - 5 billion euro - debt to the Turkish state, a move which would secure a majority stake in the country`s top mobile communications operator Turkcell, frustrating the attempts of Finnish-Swedish TeliaSonera to take over the company.

Shares owned by the Cukurova family have been held by the Turkish government as collateral for the group`s massive debts. TeliaSonera, the leading telecoms player in the Nordic countries, has been long working hard to acquire the shares in order to control Turkcell.

If the restructuring deal goes through, TeliaSonera will have to content itself with the current 37 per cent holding.

The FT quotes anounymous sources, "people close to the negotiations", and says the deal is "expected to be signed within a few weeks".

Several rumoursh have been flying about on the Cukurova family`s possible actions. Last time the whispers had it that the family would offload Turkcell shares to pay off the debts. However, without TeliaSonera`s permission, such a manoeuvre would not have been feasible.

The Cukurovas own 42 per cent of Turkcell. The parties have at times wrangled fiercely over control of the company. The Cukurovas have previously wanted to sell assets to profitable Turkcell from other family-owner companies in financial quagmire, but this did not suit TeliaSonera.

The debt is to two banks - Pamuk and Yapi Kredi - also owned by the family.


/STT/

[Stoni_I]

Nun mal für Doofe wie mich:

Absturz an der Instanbuler Börse um 65 %.
Kursfestsetzung bei 0,003/0,004 Euro.

Der Meldung vom 15.07.2004 entnehme ich, das es Bonusaktien für die Shares annähernd 1 zu 1 per 30.07.2004 gibt.

Seltsamerweise notiert aber die Shares-Gattung WKN 806276 in den USA heute offensichtlich wie gehabt. Kein Handel in Deutschland.

In der Mitteilung vom 15.07.2004 steht auch nichts bzgl. der ADR`s. Gibt`s da was, was ich bzgl. der Shares und der ADR`s nicht bedacht habe?

Oder bekomme ich als ADR-Halter (Bank Concors) auch annähernd die doppelte Anzahl an ADR`s eingebucht? Allerdings verstehe ich die Meldung auch so, das die Ausgabe der Shares längere Zeit in Anspruch nimmt. Warum?

Wer ist im Moment schlauer wie ich?

[Scheiss_Egal]

Turkcell, Ericsson planned Iranian GSM network catches political flak

02/08/2004 by Leigh Phillips



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Iran`s planned second mobile network, to be constructed and operated by Turkish mobile operator Turkcell, Ericsson and a collection of small Iranian firms, has run into political opposition from the conservative critics of the government, who have accused the companies involved of links to Israel.

The country`s reformist leadership has encouraged the conservative opponents not to work to bring a halt to the project, according to a report from telecoms news website Primetrica. Opponents of the project have also said that the network endangers national security.

The companies, who will be operating the network branded as Irancell, won the GSM900/1800 licence in February. They have denied any business links with Israel.

[Heinrichd.Seefahrer]

mir wurde die doppelte anzahl an aktien, die ich bereits im depot habe, eingebucht und zwar in türkische lira, wenn ich das recht interpretiere. Was soll das ganze? war lange weg und hab diese schrottaktien längst abgeschrieben. Kann mir das mal jemand qualifiziert erläutern. danke

[Stoni_I]

Erläuterung von Cortal Consors:

"Laut den uns vorliegenden Informationen führt die Gesellschaft per Ex-Tag 11.08.2004 eine Stockdividende durch. Das Verhältnis beträgt 1:1,949278722."

Ich schätze, das das dann auch für die ADR`s und nicht nur für die Shares gilt, bzw. das Verhältnis der ADR`s zu den Shares angepaßt wird.

[Scheiss_Egal]

03.09.2004 18:20:
Turkcell Plans to Raise Legal Provisions Due to Settlement Discussions

ISTANBUL, Turkey, September 3 /PRNewswire-FirstCall/ -- Turkcell (Nachrichten), the leading provider of mobile communications in Turkey, announced today that based on the settlement discussions, it will revise its legal provisions.

Subsequent to March 31, 2004, Turkcell has engaged in discussions relating to the settlement of certain legal disputes which include the following disputes: the disputes on the additional ongoing license fee on value added services and other charges; the dispute on additional ongoing license fee on special transaction tax and stamp duty; the dispute on additional ongoing license fee on interconnection revenues; the dispute on Turk Telekom interconnection fee; and the dispute on Turk Telekom infrastructure. Since these discussions are ongoing, Turkcell`s management believes it is too early to estimate the outcome of these disputes. Based on these ongoing discussions Turkcell believes that the amounts required to resolve these disputes may be higher than its net legal provisions as of March 31, 2004 of US$1,278 million by as much as US$250 million to US$350 million.

The decree setting out the rules and procedures regarding the settlement discussions has been approved by President Sezer and the settlement discussion will continue in line with the decree.

http://www.turkcell.com.tr/ About Turkcell

Turkcell is the leading GSM operator in Turkey with 20.9 million postpaid and prepaid customers. Turkcell provides high-quality wireless telephone services throughout Turkey and has coverage of 100% of the towns with more than 10,000 inhabitants. Turkcell provides roaming with 403 operators in 167 countries as of May 30, 2004. Turkcell is the only NYSE listed company in Turkey. Turkcell has interests in international GSM operations in Azerbaijan, Georgia, Kazakhstan, Moldova and Northern Cyprus, which have a total of 2.7 million subscribers as of March 31, 2004.

Turkcell

[Scheiss_Egal]

Na da hat man mal einen Überblick:


06.09.2004 19:26:
Turkcell Iletisim Hizmetleri A.S. Reports Q2 2004 Results

ISTANBUL, Turkey, September 6 /PRNewswire-FirstCall/ -- = Turkcell (Nachrichten), (http://www.turkcell.com.tr/)," target="_blank" rel="nofollow ugc noopener">http://www.turkcell.com.tr/), the leading provider of mobile communications services in Turkey, today announced results for the quarter ended June 30, 2004. All financial results in this press release are unaudited and reported in accordance with accounting principles generally accepted in the United States (US GAAP).

Figures in parentheses following the operational and financial results of the second quarter of 2004 refer to the same item in the first quarter of 2004.

Highlights of the Quarter

- Turkcell`s number of subscribers reached 20.9 million (19.7 million) thanks to its retention efforts and leading position in new acquisitions

- Usage increased in the second quarter of 2004 as MoU rose by 16% to 65.7 minutes (56.4 minutes), as a result of seasonality and Turkcell`s volume and segment-based campaigns

- Turkcell provisioned an additional US$312 million for the ongoing legal disputes with Turk Telekom and the Turkish Treasury

- Turkcell generated revenues of US$606 million (US$746 million) in the second quarter of 2004, which includes a deduction of US$229 million for legal provisions

- Turkcell recorded net income of US$96 million (US$126 million) in the second quarter of 2004

- Turkcell`s EBITDA* reduced to US$136 million (US$337 million) in the second quarter of 2004

- Turkcell introduced new PSTN=ON-NET pricing, as a continuation of 50% discount campaign for PSTN calls since March 2004 and "one number calling option at half-rate" since July 2004

* EBITDA is a non-GAAP financial measure. See page 14 for the reconciliation of EBITDA to net cash provided by operating activities.

Comments from the CEO, Muzaffer Akpınar

The favorable operating environment in Turkey helped us produce strong financial and operational results in the second quarter of 2004. As a result, we expanded our subscriber base by 1.2 million subscribers during the second quarter of 2004, reaching 20.9 million subscribers. The main driver of this growth was our success in keeping churn levels under control through our mass and segmented retention efforts together with new additions.

The Turkish telecommunications market continued to evolve during the quarter and was subject to tariff initiatives introduced by both fixed line and GSM operators. We believe that price-based competition in the market continued during the quarter, and grew more visible than before. Rather than directly responding to the pure price-based competition, we aim to strike the right balance between achieving our revenue goals and maintaining customer satisfaction. We believe that long term loyalty of our customers is highly affected by their perception of the value of the services that they receive. Therefore, we continuously look to offer products, services, and tariff options that are in line with our customers` needs and expectations.

The Telecommunications Authority started to grant long-distance phone operating licenses during the first quarter of 2004. We continue to closely monitor the transformation of the sector and we plan to enter the long-distance market through one of our subsidiary, upon approval of its application. There have been no major commercial developments in this part of the sector.

The financial results of our Ukrainian operation, Euroasia Telecommunications Holdings B.V. ("Euroasia"), Digital Cellular Communication of Ukraine JSC ("DCC") and Astelit are consolidated in our quarterly results (although the impact of this consolidation is not material). Our roll-out activities are progressing well and we plan to be operational by the end of 2004 in the Ukrainian market. With regards to our operations in Iran, although slowly, the procedures set out by the tender requirements are continuing. The Irancell consortium will be granted the 900/1800 GSM license in Iran upon the fulfillment of tender requirements, such as the establishment of the local company "Irancell," which will be the GSM operator in Iran and the payment of the license fee totaling EUR300 million, as previously stated.

One of the major developments in the second quarter of 2004 was the Turkish Parliament`s enactment of a law enabling commercial entities and/or consumers having disputes with certain government entities including Turk Telekom and the Turkish Treasury to resolve their disputes through settlement. Following this legislation, the Cabinet issued a decree dated August 18, 2004 and published in the official gazette on September 3, 2004, authorizing Turk Telekom to find an amicable settlement for its ongoing disputes with third parties. Also, the decree laid out certain assumptions such as interest rate and installment plan to be used in the calculation of settlement payments.

We have been engaged in discussions for the settlement of our ongoing legal disputes with Turk Telekom and the Turkish Treasury. While these discussions are ongoing, we believe the rules and procedures regarding the settlement of outstanding disputes between Turk Telekom and third parties provide clearer environment.

Based on recent discussions, we have recorded additional provisions of US$312 million as of June 30, 2004. After the effect of the adjustments, total provision equaled US$1,206 million as of June 30, 2004 (US$1,278 million).

Our estimate of the amounts required to resolve these disputes is based upon assumptions and judgments regarding their ultimate outcome. If our assumptions or judgments are wrong or the actual costs associated with resolving these disputes differ from our estimates, our results may be materially, adversely affected.

For the remainder of 2004, Turkey will continue to face new challenges. The final outcome regarding the accession date for Turkey`s entry into the European Union will impact the macroeconomic environment. Possible developments in Iraq and the wider region provide some uncertainty that may have an adverse impact on Turkey`s economic and political environments. However, the recent sovereign rating upgrade of Turkey by Standard & Poor`s Rating Services ("S&P") to BB- from B+ was an encouraging development. Following this upgrade, S&P also revised our "B" long-term foreign corporate credit rating outlook to "Positive" from "Stable," stating that the positive impact of Turkey`s long-term foreign currency rating upgrade, which will have a favorable impact on our foreign currency denominated costs and debt, and the increasingly positive macroeconomic environment should have a positive impact on our operational and financial performance. The Government`s effort to reach a new standby agreement with the International Monetary Fund is continuing and signs of progress have been encouraging.

As we stated during the first quarter of 2004, assuming no adverse development in the sector or in the macroeconomic and political environments as a result of any of the uncertainties outlined above, or otherwise, we believe that the transformation in our sector and further economic and political stability in Turkey should provide a favorable operating environment for us. We will continue to build on our solid quarterly results and we remain positive for the second half of 2004.

Overview Summary of Financial and Operational Data Q2 2003 Q1 2004 Q2 2004 1H03 1H04 Number of total subscribers 17.2 19.7 20.9 17.2 20.9 (million) Number of post-paid 4.7 4.9 5.0 4.7 5.0 subscribers (million) Number of pre-paid subscribers 12.5 14.8 15.9 12.5 15.9 (million) Average revenue per user, 11.5 12.7 9.8 10.8 11.2 blended (US$) Average revenue per user, 25.5 28.8 25.0 23.1 26.9 postpaid (US$) Average revenue per user, 6.1 7.4 4.9 5.9 6.1 prepaid (US$) Churn (%) 4.0 3.2 2.4 8.2 4.9 Minutes of usage, blended, per 59.9 56.4 65.7 55.4 61.1 month Revenue (US$ million) 583.7 745.5 606.4 1,074.8 1,351.9 EBITDA* (US$ million) 217.9 337.2 136.4 450.2 473.6 Translation Gain/(Loss) (US$ (52.5) (20.2) 28.9 (53.6) 8.7 million) Net Income/(Loss) (US$ 73.2 126.2 96.4 112.7 222.6 million) All figures are quarterly other than subscriber numbers.

* EBITDA is a non-GAAP financial measure. See page 14 for the reconciliation of EBITDA to net cash used for operating activities.

Revenues were hit by legal provisions

Turkcell`s revenues declined 19% to US$606.4 million (US$745.5 million) in the second quarter of 2004. The reason for this decline was the deduction of US$229 million of additional provisions from our revenues. As further explained in the "legal provisions" section of this press release, the impact of the additional provisions in the second quarter of 2004 was US$312 million for the ongoing disputes with Turk Telekom and the Turkish Treasury. Despite the increased provision, Turkcell achieved 26% growth in its first half 2004 revenues, year-on-year, and recorded US$1,351.9 million in revenues compared to US$1,074.8 million in the first half of 2003.

Despite the negative impact of the additional legal provisions on Turkcell`s second quarter 2004 statement of operations, Turkcell posted US$96.4 million (US$126.2 million) net profit in the second quarter.

No new funding

Turkcell`s gross borrowings decreased to US$826.3 million (US$852.6 million) in the second quarter of 2004. Since the beginning of 2004, Turkcell has secured US$300 million worth of financing, with US$100 million in the form of a syndicated Murabaha facility, which was fully used for capital expenditures, and the balance in the form of two bank loans, each amounting to US$100 million. Turkcell does not foresee a need for additional borrowing for the rest of 2004, and it will continue to actively manage its portfolio to lower its cost of capital and extend the maturity of its debt.

Subscriber retention ensured

Turkcell maintained its focus on controlling churn levels through segmented churn prevention activities and mass loyalty programs. Turkcell improved the loyalty of its large subscriber base with mass retention programs that reward long-term loyalty and usage volumes. In addition, with the contribution of the positive macroeconomic environment, Turkcell lowered its churn rate to 2.4% (3.2%) in the second quarter of 2004, a 25% drop. This favorable development in churn also supported subscriber growth as, despite similar second quarter gross subscriber growth in 2004 and 2003, net additions grew by 28%. Turkcell`s number of subscribers reached 20.9 million (19.7 million) with net new additions totaling 1,186,000 in the second quarter of 2004.

In the meantime, Turkcell`s acquisition cost per subscriber ("SAC") decreased to US$20.9 (US$22.5) by 7%, mainly due to the depreciation of TL against the USD.

Seasonality reinforced usage

Turkcell recorded a rise in usage in the second quarter of 2004, mainly due to seasonality. Turkcell`s blended monthly minutes of usage ("MoU") increased by 16% to 65.7 minutes (56.4 minutes). Coupled with seasonality, Turkcell`s continued volume and segment based campaigns offered to its subscribers for enhancing usage, yielded positive results.

However, despite the rise in usage, Turkcell`s blended average revenue per user ("ARPU") decreased by 23% to US$9.8 (US$12.7), as a result of the additional new legal provisions. Please see the "legal provisions" section of this press release for further information of the additional new legal provisions.

Competitive Environment

The pace of competition in the telecommunications market in Turkey is accelerating as players like the new merged entity of Aria and Aycell, Avea, and Telsim, whose management is still under SDIF, are becoming more visible. These players are introducing various tariff schemes and running aggressive acquisition campaigns focused primarily on price.

Turkcell is always responsive to the market dynamics and reflects the right balance between its revenue goals and its efforts to satisfy the needs and expectations of subscribers. The recent introduction of PSTN=ON-NET is one of the examples, which is actually a continuation of the previous "GSM to PSTN" discount campaign, initiated on March 2004, and the "one number calling option at half rate" campaign introduced in July 2004. While Turkcell`s "GSM to PSTN" discount campaign in March led to an increase in minutes of usage and stable revenue levels, it is too early to comment on the revenue impact of its PSTN=ON-NET introduction.

Although the competition is expected to get more rational in a three operator environment in the future, there have not been significant moves in this direction. Turkcell not only aims to maintain service quality and variety offered to its customers, but keeps the right balance between customer satisfaction and revenue goals. Accordingly, Turkcell will continue to invest in technology and monitor the developments in the global telecommunications sector to provide products and services that serves in the best interest of both Turkcell and its customers.

Although Turk Telekom`s privatization is still in the agenda, the Turkish government has not yet established a detailed timetable or plan for this privatization. Liberalization in the Turkish telecommunication market is underway through recently opened Long Distance Traffic Carrier market. However, majority of the interconnection agreements between Long Distance Carriers ("LDTC") and Turk Telekom is yet to be achieved. We are closely monitoring these developments.

CeBIT Bilisim Eurasia Convention

Turkcell was the main sponsor this year of CeBIT Bilisim Eurasia, the international IT and telecommunication technologies convention, which it sponsored for the 7th time. During the convention, held in Istanbul, Turkcell displayed new products and services such as "Push-to-Talk," "BiletCELL" and "Otomubul." "Push-to-Talk", in particular, was one of the highlights of the convention, which allows the cell phone to be used utilizing a prioritized talk method in relaying the mobile phone user`s voice. "BiletCELL" allows users to make movie queries, reservations, purchase tickets and use the SMS barcode to pay for entering the movie theatre, while "Otomubul" is a mobile alarm system for vehicles.

Legal Provisions

Turkcell reported US$1,206 million (US$1,278 million) in net legal provisions as of June 30, 2004, which includes the disputes with Turk Telekom on interconnection revenues and infrastructure usage fees and the dispute with the Turkish Treasury on the calculation of 15% Treasury share on "Gross Revenue."

On August 19, 2004, Turkcell`s Board of Directors authorized Turkcell`s management to enter settlement negotiations with the official authorities and to execute any and all transactions and sign all documents with respect to the amicable settlement of the legal disputes with Turk Telekom and the Turkish Treasury.

Recently, the government passed legislation enabling government authorities to negotiate an amicable solution for their ongoing legal disputes, such as Turk Telekom and the Turkish Treasury. Following this legislation, the Cabinet issued a decree dated August 18, 2004 and published in the official gazette on September 3, 2004, authorizing Turk Telekom to find an amicable settlement for its ongoing disputes with third parties.

Turkcell`s management has engaged in talks with third parties relating to the settlement of these disputes and used the major assumptions provided below for the calculation of its legal provisions. Since these discussions are ongoing, Turkcell believes that it is too early to estimate the outcome of these disputes. However, after Turkcell management`s reevaluation of the existing provisioning methodology under the new settlement conditions based upon the ongoing discussions and the Cabinet`s decree, the management believes that the amounts required for resolving these disputes may be higher than Turkcell`s net legal provisions as of March 31, 2004. With regards to the dispute with Turk Telekom, the decree lowers the interest rates on settlement amount, while increasing the principal amount for Turk Telekom interconnection fee dispute, due to the requirement to apply retroactive calculation of the interconnection fee distribution, based on the most recent interconnection agreement signed on September 20, 2003. Therefore, under new methodology for the quarter ended June 30, 2004, Turkcell provisioned an additional US$312 million for the ongoing legal disputes, which include the following; the dispute on Turk Telekom interconnection fee (US$131 million), the dispute on Turk Telekom infrastructure usage fee (US$59 million) and the Treasury share dispute (US$122 million)

Regarding the interconnection disputes with Turk Telekom, the new decree states that the current interconnection agreement dated September 20, 2003, will be the base of the calculation of prior interconnection revenue sharing. Also, the same decree stated that a 1.9% monthly interest rate (starting from November, 7, 2000) and up to 18 month installment period will be used in the calculation of the settlement amount. Turkcell provisioned net US$565 million for the disputes with Turk Telekom in its balance sheet as of June 30, 2004.

Turkcell`s net provisions totaled US$633 million for the Treasury share dispute in its balance sheet as of June 30, 2004. Total calculation of this net provision is based on the 15% Treasury share payment over all revenues related to telecommunications services and taxes, except for late interest fees charged to customers. Reduced interconnection revenues assumed from Turk Telekom is applied in calculation of the provisions for the Treasury Share payment dispute. The interest rate reduction is applied.

The progress of provisions in the second quarter of 2004 can be seen in the table below:

Q2 LEGAL PROVISIONS Q1 04 Paid/ Translation Additional Q2 04 Net Risk Deducted G/(L) Effect Impact on Net risk In Q2 04 Q2 04 P/L Treasury Share (585) - 73 (122) (633) Turk Telekom (468) 34 60 (190) (565) Interconnection (488) 29 60 (131) (531) dispute Infrastructure - 6 2 (59) (51) Other 20 - (2) (1) 17 Telecommunications (214) 210* 4 - - Authority Other (10) 2 - - (8) TOTAL (1,278) 246 137 (312) (1,206) * Turkcell paid US$210 million for the Telecommunication Authority`s ("TA") fines in Q204 regarding the disputes on, frequency usage fee payments of 2002 (US$98 million), additional TA board share accrual (US$6 million), national roaming dispute (US$15 million), TA`s fines claiming of inadequate frequency fee payment (U$70 million) and for violating Turk Telekom`s monopoly (US$21 million). Turkcell paid these amounts and filed an appeal against these penalties in related Turkish Courts except for the frequency usage fee payment of 2002. For further information on the disputes with the TA, please refer to our year end 2003 press release dated April 21, 2004 and Q104 financial results announcement press release dated June 10, 2004.

A further breakdown of the legal provisions is reflected in Turkcell`s balance sheet as of June 30, 2004, which is provided in the "Profit & Loss and Balance Sheet Statements" section of this press release.

International Structure Fintur International

Fintur International continued its strong growth in the second quarter of 2004 and the GSM businesses in Azerbaijan, Kazakhstan, Georgia and Moldova added 322,000 net new subscribers, raising the total number of subscribers to approximately 3.0 million as of June 30, 2004 (2.7 million). Furthermore, second quarter 2004 revenues were US$129 million (US$109 million), an 18% increase compared to the first quarter of 2004. Turkcell owns 41.45% of Fintur and accounts for its investment using the equity method, which totaled US$8.5 million income in the second quarter of 2004.

Ukraine

Astelit, Turkcell`s effectively 51% owned subsidiaries in Ukraine, initiated the establishment of a GSM1800 network and signed two supplier agreements with Nokia and Ericsson. Both agreements involve vendor financing, and the agreement with Nokia amounts to EUR125 million and the agreement with Ericsson totals US$89 million. In line with previous guidance, Turkcell supplied guarantees for these financing facilities, proportionate to its equity participation, which have a maturity of 1.5 years. Euroasia, DCC and Astelit were consolidated in Turkcell`s financial statements for the first time in the second quarter of 2004. However, considering the relatively small size of these companies` current operations, the impact of this consolidation on Turkcell`s financials was not material.

Iran

The management team of the Iranian GSM operations continues with the necessary studies prior to the establishment of Irancell and conducts necessary discussions with the Iranian authorities. The Irancell consortium will be granted the 900/1800 GSM license in Iran upon the fulfillment of tender requirements, such as the establishment of the local company "Irancell," which will be the GSM operator in Iran, and the payment of the license fee totaling EUR300 million, as previously stated. For previous statements regarding Turkcell`s investment in Iran please refer to our 2003 year-end and Q1 2004 financial results announcements dated April 21, 2004 and June 10, 2004, respectively.

Dividend

Turkcell distributed TL236,317,210 million in dividends from its 2003 distributable net income to its shareholders. The dividend was in the form of a 50% cash and 50% share distribution. As this entire amount was generated with incentives granted before April 24, 2003, it was not subject to withholding tax and distributed equally to shareholders. Accordingly, TL236.32 in cash dividend per ordinary share was distributed to shareholders.

Exchange Rate Information

One USD equaled TL1,485,911 as of June 30, 2004 (TL1,311,286 as of March 31, 2004), which implies a 13.3% depreciation of TL against USD. The wholesale price index and consumer price index rose by 1.5% and 0.8%, respectively in the second quarter of 2004.

Financial and Operational Review

The following discussion focuses principally on the developments and trends in Turkcell`s business in the second quarter of 2004. As explained in the legal provisions section, Turkcell recorded additional provisions in the second quarter of 2004 for the reasons discussed therein. Accordingly, Turkcell`s profit and loss statement was negatively affected by this revision. A summary table showing the impact of additional provisioning on certain profits and loss statement items are provided below. For the sake of reflecting Turkcell`s operating performance, the financial results before new net legal provisions will be referred to as "pre adjusted" during further discussions in this press release.

Q2 2004 FINANCIAL INFORMATION US$ million Q2 2004 Q2 2004 "Pre adjusted Net revenue 606.4 835.5 Operating expenses (541.3) (431.6) Gross profit 65.1 403.9 EBITDA* 136.4 475.2 Net Profit 96.4 408.2 Gross profit margin 11% 48% EBITDA margin 22% 57% ARPU - Blended 9.8 13.6 ARPU - Postpaid 25.0 31.3 ARPU - Prepaid 4.9 7.9 * EBITDA is a non-GAAP financial measure. See page 14 for the reconciliation of EBITDA to net cash provided by operating activities.

Furthermore, the direct impact of provisions on the second quarter`s statement of operations can be seen at the below table.

P&L EFFECT OF REVISED LEGAL PROVISIONS IN Q2 2004 US$ million Q1 04 Q2 04 Q2 P/L (Accumulated) (Accumulated) Effect Turk Telekom - (678)* (727)* (131) Interconnection dispute Revenues (381) (610) (229) Operating expense - 26 26 Interest income / (expense), (238) (166) 72 net Turk Telekom Infrastructure - (57)* (59) Operating expense (36) (36) Interest income / (expense), - (22) (22) net Treasury Share (585)* (633)* (122) Operating expense (316) (415) (99) Interest income / (expense), (215) (237) (23) net TOTAL IMPACT OF ADDITIONAL PROVISIONS ON Q2 04 P/L (312) * The figures include translation gain/(loss) effect. Subscribers

Turkcell expanded its subscriber base to 20.9 million in the second quarter of 2004 from 19.7 million in the first quarter of 2004, an increase of 6%. The net new additions amounted to 1,186,000 (678,000) in the second quarter of 2004 and the total number of postpaid subscribers totaled 5.0 million (4.9 million) and prepaid subscribers amounted to 15.9 million (14.8 million), a 2% and 7% increase, respectively, compared to the first quarter.

The lower churn achieved through segmented churn prevention activities and mass loyalty programs, reinforced expansion in the number of subscribers. Net new additions increased 27% increase in the first half of 2004, to 1.9 million from 1.5 million in the same period in 2003. Positive market environment as well as segmented retention efforts contributes to the decrease in churn.

Revenues

Turkcell generated US$606.4 million (US$745.5 million) in revenues in the second quarter of 2004, a 19% decrease, as a result of the US$229 million legal provisioning. Turkcell`s pre-adjusted revenues amounted to US$835.5 million, implying a quarter-on-quarter growth of 12%, attributable to increases in usage and subscriber growth. Furthermore, Turkcell made an upward revision of its tariffs by an average rate of 3.22% in mid-May 2004, which provided a limited but positive effect on revenues.

ARPU

Despite the increase in MoU and upward tariff revision, Turkcell`s blended second quarter 2004 ARPU dropped 23% to US$9.8 (US$12.7), due to the additional legal provisions, as explained above. Meanwhile, postpaid and the prepaid ARPU decreased to US$25.0 (US$28.8) and US$4.9 (US$7.4), respectively.

On a pre-adjusted basis, blended ARPU was US$13.6, a 7% rise, quarter-on-quarter, while the prepaid ARPU increased by 7% and totaled US$7.9. The pre adjusted postpaid ARPU grew by 9% to US$31.3.

MoU

The second quarter is a seasonally stronger period in terms of usage. Accordingly, Turkcell`s blended MoU increased by 16% to 65.7 minutes (56.4 minutes) in the second quarter of 2004. Moreover, Turkcell further supported the strong consumer sentiment with volume and segment based campaigns.

EBITDA

In parallel to the negative impact of the additional legal provisioning on revenues, Turkcell`s EBITDA decreased to US$136.4 million (US$337.2 million) in the second quarter of 2004. Turkcell`s pre adjusted EBITDA was US$475.2 million in the second quarter of 2004, presenting a 41% rise, linked to growth in revenues and the translation gain.

Translation gain

Turkcell recorded US$28.9 million (US$20.2 million loss) translation gain in the second quarter of 2004, as most of its legal provisions are TL denominated and TL depreciated by 13% against US$ in the second quarter. Also, the new additional legal provisions, denominated in TL, further increased the translation gain.

Churn rate

Churn refers to disconnected subscribers, whether disconnected voluntarily or involuntarily. In the second quarter of 2004, Turkcell`s segmented churn prevention efforts and mass loyalty programs on top of the favorable market environment, yielded rather positive results. Turkcell`s churn level dropped to 2.4% (3.2%) in the second quarter of 2004 by a 25% decrease.

Profit & Loss And Balance Sheet Statements Net income

Despite the subscriber growth and increased usage, Turkcell`s net income decreased 24% to US$96.4 million (US$126.2 million) as a result of the new additional provisions amounting to US$312 million.

Turkcell`s pre adjusted net income amounted to US$408.2 million, implying a quarter-on-quarter rise of 224%.

Direct cost of revenues

The direct cost of revenues, including depreciation and amortization, increased 25% to US$541.3 million (US$433.0 million). This upward change was due to US$109.7 million additional legal provisions reflected on the direct cost of revenues.

Depreciation and amortization

Depreciation and amortization remained almost stable at US$107.0 million (US$104.5 million) in the second quarter of 2004.

Selling and marketing expenses

In the second quarter of 2004, Turkcell`s selling and marketing expenses remained almost the same as in the previous quarter amounting to US$77.0 million (US$76.0 million). The proportion of Turkcell`s selling and marketing expenses to revenues were 10% in the first quarter of 2004, while it increased to 13% in the second quarter of 2004, attributable to the additional provisioning impact on revenues. Turkcell expects to keep its selling and marketing expenses within this range for 2004.

General and administrative expenses

The proportion of Turkcell`s general and administrative expenses to its revenues was 6% in the second quarter of 2004, which was 4% in the previous quarter. Turkcell`s general and administrative expenses increased to US$38.2 million (US$29.3 million) in the second quarter of 2004 mainly due to impact of Turkcell`s purchase of its own Cellco Bonds for its investment portfolio totaling US$65 million.

Equity in net income of unconsolidated investees

Equity in net income of unconsolidated investees was US$8.5 million (US$7.9 million) in the second quarter of 2004.

Net interest income/(expense)

The change in the provisioning methodology and the lowering of interest rates applied on the interconnection fee dispute accruals based on the new decree mentioned in the "legal provisions" section of this press release, resulted in US$39.0 million (US$40.5 million in net interest expense) net interest income.

Provisions

Turkcell`s legal provisions decreased 6% to US$1,206 million (US$1,278 million) in the second quarter of 2004. Despite the additional provisioning, as explained in the "legal provisions" section, the 13% depreciation of TL and the payments to Telecommunication Authority, Turkcell`s legal provisions decreased mainly because of Turk Telekom`s ongoing interconnection fee cuts coupled with the lower monthly interest rates on Turk Telekom`s claims according to the Cabinet`s decree. The breakdown of the legal provisions according to their subjects can be find at the below table.

Q2 CUMULATIVE LIABILITIES, PAYMENTS AND LEGAL PROVISIONS B/S Principal Interest Total Paid Q2 04 Liability Net Risk Treasury Share (651) (240) (891) 258 (633) Turk Telekom (647) (179) (826) 261 (565) Interconnection (567) (160) (727) 196 (531) dispute Infrastructure (41) (22) (63) 12 (51) Other (39) 3 (36) 53 17 Telecommunications (196) (75) (271) 271 - Authority Other (26) - (26) 18 (8) TOTAL (1,520) (494) (2,014) 808 (1,206) Total assets

Total assets decreased to US$4,327 million (US$4,364 million), mainly due to the repayment of a portion of loans and dividend distribution.

Capital expenditures

Turkcell`s capital expenditures amounted to US$145.4 million (US$53.2 million) in the second quarter of 2004. In line with the need for additional capacity, Turkcell`s management decided to increase total capital expenditures budget to approximately US$300 million from US$200 million for 2004 for the purchase of additional infrastructure equipment. The need for additional capacity rose mainly due to improved subscriber base and profile, which resulted in higher voice and data usage.

Debt

Turkcell has a total indebtedness of US$826.3 million (US$852.6 million) as of June 30, 2004.

Reconciliation of Non-GAAP Financial Measures

The SEC recently adopted new rules regarding the use of non-GAAP financial measures. We believe that EBITDA is a measure commonly used by companies, analysts and investors in the telecommunications industry that enhance the understanding of our operating results and assist in the evaluation of our capacity to meet our financial obligation. We also use EBITDA as an internal measurement tool and accordingly, we believe that the presentation of EBITDA provides useful and relevant information to analysts and investors. We are continuing to monitor developments in the interpretation of these new rules and will make adjustments to the use of non-GAAP measures as may be required.

EBITDA equals net income (loss) before depreciation and amortization, interest expense and income tax benefit (expense). EBITDA is not a measurement of financial performance under US GAAP and should not be construed as a substitute for net earnings (loss) as a measure of performance or cash flow from operations as a measure of liquidity.

The following table provides a reconciliation of EBITDA, which is a non-GAAP financial measure, to net cash provided by operating activities, which we believe is the most directly comparable financial measure calculated and presented in accordance with US GAAP.

US$ million Q2 2003 Q1 2004 Q2 2004 EBITDA 217.9 337.2 136.4 Minority interest 0.3 1.0 1.7 Equity in net income of unconsolidated 4.3 7.9 8.5 investees Interest expense (80.6) (77.4) 0.4 Net increase (decrease) in assets and 70.7 (49.8) (9.6) liabilities Net cash provided by operating activities 203.4 201.1 117.0 Forward Looking Statements

This release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions of the US Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts included in this press release, including, without limitation, certain statements regarding our operations, financial position and business strategy, may constitute forward-looking statements. In addition, forward-looking statements generally can be identified by the use of forward-looking terminology such as "may," "will," "expect," "intend," "plan," "estimate," "anticipate," "believe" or "continue."

Although Turkcell believes that the expectations reflected in such forward-looking statements are reasonable at this time, it can give no assurance that such expectations will prove to be correct. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. All subsequent written and oral forward-looking statements attributable to us are expressly qualified in their entirety by reference to these cautionary statements.

SELECTED FINANCIALS Quarter Quarter Quarter Half Half Ended Ended Ended Ended Ended June 30, March 31, June 30, June 30, June 30, 2003 2004 2004 2003 2004 Consolidated Statement of Operations Data Revenues Communication fees 567.3 721.8 580.7 1,043.2 1,302.5 Monthly fixed fees 10.2 11.9 12.3 19.2 24.2 SIM card sales 4.0 8.3 6.5 8.3 14.8 Call center revenues 1.6 2.2 1.7 3.1 3.9 Other 0.7 1.3 5.2 1.0 6.5 Total revenues 583.7 745.5 606.4 1,074.8 1,351.9 Direct cost of revenues (363.6) (433.0) (541.3) (690.2) (974.3) Gross profit 220.1 312.5 65.1 384.6 377.6 General & administrative expenses (26.6) (29.3) (38.2) (48.8) (67.5) Selling & marketing expenses (57.7) (76.0) (77.0) (106.8) (153.0) Income (loss) from operations 135.8 207.2 (50.1) 229.0 157.1 Income from related parties , net 0.6 0.5 0.4 2.6 0.9 Net interest income (expense) (59.6) (40.5) 39.0 (119.8) (1.5) Other Income (expense), net 3.6 (0.5) 1.3 6.6 0.8 Equity in net income of unconsolidated investees 4.3 7.9 8.5 6.5 16.4 Minority interest 0.3 1.0 1.7 0.7 2.7 Translation Gain / (Loss) (52.5) (20.2) 28.9 (53.6) 8.7 Income before taxes 32.5 155.4 29.7 72.0 185.1 Income tax benefit (expense) 40.7 (29.2) 66.7 40.7 37.5 Net income 73.2 126.2 96.4 112.7 222.6 Net income per share 0.00005 0.00009 0.00007 0.00008 0.00015 Other Financial Data Gross margin 37.7% 41.9% 10.7% 35.8% 27.9% EBITDA(*) 217.9 337.2 136.4 450.2 473.6 Capital expenditures 39.1 53.2 145.4 89.7 198.6 Consolidated Balance Sheet Data (at period end) Cash and cash equivalents 443.8 939.3 822.6 443.8 822.6 Total assets 3,378.7 4,364.3 4,327.4 3,378.7 4,327.4 Long term debt 830.6 707.6 635.8 830.6 635.8 Total debt 1,034.9 852.6 826.3 1,034.9 826.3 Total liabilities 1,934.5 2,689.7 2,633.7 1,934.5 2,633.7 Total shareholders` equity / Net Assets 1,444.2 1,674.6 1,693.7 1,444.2 1,693.7 Consolidated Cash Flow Information Net cash provided by operating activities 203.4 201.1 117.0 419.6 318.1 Net cash used in by investing activities (55.6) (66.5) (132.1) (115.7) (198.6) Net cash provided / (used in) by financing activities (13.0) 222.0 (101.6) (254.2) 120.4 * Please refer to the notes on reconciliation of Non-GAAP Financial measures on page 14 http://www.turkcell.com.tr/ About Turkcell

Turkcell is the leading GSM operator in Turkey with 20.9 million postpaid and prepaid customers. Turkcell provides high-quality wireless telephone services throughout Turkey and has coverage of 100% of the towns with more than 10,000 inhabitants. Turkcell provides roaming with 405 operators in 167 countries as of June 30, 2004. Turkcell is the only NYSE listed company in Turkey. Turkcell has interests in international GSM operations in Azerbaijan, Georgia, Kazakhstan, Moldova and Northern Cyprus, which have a total of 3.0 million subscribers as of June 30, 2004.

Turkcell

[Scheiss_Egal]

TurkCell baut Mobilfunknetz im Iran
(de.internet.com) Der größte türkische Mobilfunkbetreiber TurkCell wird das erste private Mobilfunknetz im Iran aufbauen. Eine entsprechende Lizenz erwarben die Türken für 300 Millionen Euro, die im Iran unter dem Namen Irancell auftreten.

Die iranische Regierung hatte im Februar eine Mobilfunklizenz ausgeschrieben und damit den Markt leicht geöffnet. Bisher werden Handys lediglich durch den staatlichen Telekommunikationsbetrieb in eingeschränktem Maße angeboten. Auf 1.000 Einwohner kommen dadurch gerade einmal 23 Mobiltelefone.

TurkCell will bis zu 3 Milliarden Euro in den Aufbau eines landesweiten Netzes investieren. Dies wäre die größte Investition eines ausländischen Unternehmens seit der islamischen Machtübernahme vor 25 Jahren. Wann das Netz in Betrieb gehen wird, steht noch nicht fest. (ck)

[ Freitag, 24.09.2004, 14:28 ]

[oktoputz]

"Turkcell Settles Its Infrastructure Usage Dispute with Turk Telekom
14.10.2004 20:34:00



Turkcell Settles Its Infrastructure Usage Dispute with Turk Telekom


Business Editors

ISTANBUL, Turkey--(BUSINESS WIRE)--Oct. 14, 2004--Turkcell (NYSE: TKC, ISE: TCELL), the leading provider of mobile communications in Turkey, announced today that it has settled its infrastructure usage dispute with Turk Telekom by an amicable agreement.
The agreement followed settlement talks conducted under the Cabinet`s decree dated August 18, 2004, which set forth the rules and procedures to be followed by government entities to settle their disputes with third parties through negotiation.
Settlement of the infrastructure usage dispute. Turkcell and Turk Telekom calculated Turk Telekom`s receivables as TL102,048,720 million (US$69 million as of October 13, 2004) including principal, interest, Value Added Tax ("VAT") and Special Communications Tax ("SCT") and Turkcell`s receivables as TL39,451,875 million (US$27 million as of October 13, 2004). Turkcell`s receivables arose from a legal decision in favor of Turkcell in the lawsuit filed against Turk Telekom`s collection of 15% fund payment through withholding payments to Turkcell. After netting the receivables, Turkcell and Turk Telekom agreed that Turkcell owed Turk Telekom TL62,596,845 million (US$42 million as of October 13, 2004), including principal, interest, VAT and SCT.
This agreed amount will be paid to Turk Telekom in 10 installments with interest, while Turkcell has option to pay all or a portion of its debt, set forth by the settlement agreement, prior to the date determined by the installment plan. The interest rate used in this calculation will be the monthly interest rate calculated from the annual simple interest rate of the most recent TL denominated discount bond issued by the Turkish Treasury prior to the actual monthly installment. Turkcell will finance such payments from internal sources.
Based on the Cabinet`s decree dated August 18, 2004 and Turkcell`s estimates based on its settlement strategies, Turkcell`s net provisions totaled TL39,814,350 million (US$27 million as of June 30, 2004) in its financial statements for the six months ended June 30, 2004, including principal and interest (excluding VAT and SCT), for the above mentioned disputes.
Turkcell and Turk Telekom will make all necessary applications and start all necessary procedures for ending the court cases on above mentioned disputes between them within one month.
The terms of the settlement agreement became effective as of the signing of this settlement agreement on October 13, 2004, and today Turkcell paid TL7,287,684 million (US$5 million as of October 13, 2004), consisting of the first installment totaling TL6,259,684 million (US$4 million as of October 13, 2004) and TL1,028,000 million (US$693,076 as of October 13, 2004) of stamp duty.

-- The TL/US$ exchange rate used in this press release equals to
TL1,483,243, which is the Turkish Central Bank`s closing ask
price as of October 13, 2004.

www.turkcell.com.tr

About Turkcell

Turkcell is the leading GSM operator in Turkey with 22.3 million postpaid and prepaid customers as at the end of the third quarter 2004. Turkcell provides high-quality wireless telephone services throughout Turkey and has coverage of 100% of the towns with more than 10,000 inhabitants. Turkcell provides roaming with 405 operators in 167 countries as of June 30, 2004. Turkcell is the only NYSE listed company in Turkey. Turkcell has interests in international GSM operations in Azerbaijan, Georgia, Kazakhstan, Moldova and Northern Cyprus, which have a total of 3.0 million subscribers as of June 30, 2004.

--30--AC/ny*

CONTACT: Turkcell: Investors: Koray Ozturkler, Investor Relations [phone] Email: [e-mail] Murat Borekci, Investor Relations + 90 212 313 1503 Email: [e-mail] [e-mail] or Media: Nazli Candan, Corporate Communications + 90 212 313 2310 Email: [e-mail] or Bahar Erbengi, Corporate Communications + 90-212/313-2309 Email: [e-mail] or Citigate Dewe Rogerson Europe: Kate Delahunty, +44-20/7282-2934 Email: [e-mail] or United States: Victoria Hofstad/Jessica Wolpert [phone] Email: [e-mail] [e-mail]"

[KBRICH]

Warum steigt die WKN: 502723 nicht?
Wo wird sie am Jahresende stehen?


Wkn:2801687 in New York steigt und steigt.

[Scheiss_Egal]

Immer bedenken 2500 * WKN502723 = 1 * WKN806276 = 1 * 2801687 !!!
Da paßt alles!

Gruß S_E

[Heinrichd.Seefahrer]

kann mir jemand erklären warum die aktie in stuttgart mit dem heutigen tag um 80% einknickt? Was ist von diesem wert überhaupt zu halten?
Gruß an alle investierten mitstreiter.

[Scheiss_Egal]

Na bei den Umsätzen in Stuttgart scheint echt Gefahr im Verzug, da wurde ja fast auf einen Schlag die ganze Firma verkauft!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Vor allem wenn man bedenkt, dass Stuttgart für den türkischen Mobilfunkbetreiber sicher der mit Abstand wichtigste Börsenplatz ist!


Lesen, Lesen, Lesen oder ist das ein Versuch billig Stücke einzusammeln? War gestern doch schon ein sehr sehr ähnliche Äußerung!

Gruß S_E


PS: Für die, die auf der Leitung stehen oder sich nicht selbst informieren wollen: IRONIE ist ein beliebtes Stilmittel, das ich hier verwandt habe!

[Scheiss_Egal]

Nur damit man sich mal selbst einen Überblick verschaffen kann zum aktuellen Kurs:

http://www.foreks.com/hisse/pages/index.jsp?code=TCELLEN


Damit man einen aktuellen Umrechnungskurs bekommt sollte man auf oanda.com gehen!

Und für wenn das zu aufwendig ist hier die aktuellen Ergebnisse:
Donnerstag, 21. Oktober, 2004
7550 Türkische Lire = 0.004089 Euro
7550 Euro (EUR) = 13939960116 Türkische Lire (TRL)

Mittelkurs war 0.00000053 / 0.00000054 (Geld/Brief)



7550 TRL ist der aktuelle Kurs aus Istanbul zum Zeitpunkt des Postings!



Gruß S_E

[Heinrichd.Seefahrer]

Lieber S.E. Du hast offenkundig den sinn dieses boards noch nicht ganz verinnerlicht. Das sei dir mal verziehen. Ansonsten dank ich für die kommentare. hds

[Scheiss_Egal]

Ich denke schon, dass ich den Sinn verstanden habe, sonst hätte ich sicher nicht auch eine nutzbare Antwort geschrieben. Aber die Problematik der Kursfeststellung ist in diesem Thread ja schon bearbeitet worden, so dass dem aufmerksamen Leser einiges hätte klar werden können. Das da der Verdacht Nahe liegt, dass da dann jemand andere abzocken möchte kann man wohl auch nachvollziehen, insbesondere da sowas hier bei wo ja schon passiert ist!
Ich wollte Dich, Seefahrer, nicht persönlich angehen und entschuldige mich hiermit für die "harte" Formulierung! Ein echtes sorry!

[ada35]

neuuuuuuuuuu

[ada35]

Son işlem : 14.60 dolar
Değişim : +0.24
yüzde değişim : +1.67
En yüksek : 14.70 dolar
En düşük : 14.40 dolar
İşlem hacmi : 212.500 adr
Önceki kapanış: 14.36 dolar
Bir hissenin tl karşılığı: 8.627 (Merkez Bankası`nın bugünkü resmi
dolar satış kurundan hesaplanmıştır-1.477.244 tl)

Not: New York`ta işlem gören 1 Turkcell ADR`si(American Deposit
Shares) 2500 Turkcell hissesine eşittir.

[ada35]

Türkcell = Mobilcom

[ada35]

Turkcell mobielfunk Fa. ist Nummer 1 in der Türkei.
Schaut euch das mal an es geht los das ist der Anfang.

ich habe vor einem 1 Jahr in FTOR forum meine Meinung geschrieben. Die haben mich nicht ernst genohmen, aber ich habe recht gehabt. Der Index war damals 12000 jetzt 22900. ich sage heute immer noch das ist sehr günstig. In der Türkei ist der Index geteilt durch Dollarkurs das heißt, 22900/1472000 türkische Lira=0,0156 Dollar cent soll steigen bis 0,025. ich habe vor 1 jahr in der Turkei meine depo geöffnet und habe
8 verschiedene aktien gekauft

1- Arcelik
2- Dogan holdin
3- Ford otosan
4- Koc Holding
5- Migros
6- Turkcell
7- Tofas
8- Tupras
nach analisten von Europa und von der Türkei soll der Index (bis 17. Dezember 2004 EU-Endscheidung)von Istanbul 35000 bis 40000 steigen.
Viel Spaß

[ada35]

http://info.consors.de/financeinfos/snapshot.do?ID_NAME=ID_O…

[Scheiss_Egal]

25.11.2004 08:48:
Turkcell Enhances Corporate Governance Practices and Adopts Dividend Policy

ISTANBUL, Turkey, November 25 /PRNewswire-FirstCall/ -- Turkcell (Nachrichten), the leading provider of mobile communications in Turkey, announced today that in order to enhance its standards of corporate governance it has adopted Corporate Governance Guidelines and a dividend policy.

Turkcell`s Board of Directors today approved Corporate Governance Guidelines (including an Audit Committee Charter and a Corporate Governance Charter) in order to enhance Turkcell`s corporate governance practices in compliance with the applicable regulations of the Istanbul Stock Exchange and those of the New York Stock Exchange. Also, Mr Esko Rytkonen and Mr Murat Vargi, members of the Board of Directors, have been appointed as the Chairman of the Audit Committee and the Corporate Governance Committee, respectively.

In addition, Turkcell has adopted a dividend policy, which is set out in its Corporate Governance Guidelines. As adopted, Turkcell`s general dividend policy is to pay dividends to shareholders with due regard to trends in the company`s operating performance, financial condition and other factors. The Board of Directors intends to distribute cash dividends in an amount of not less than 50% of Turkcell`s distributable profits for each fiscal year, starting with profits for fiscal 2004. However, the payment of dividends will still be subject to cash flow requirements of Turkcell, compliance with Turkish law and the approval of, or amendment by, the Board of Directors and the General Assembly of Shareholders.

Mr. Muzaffer Akpinar, Turkcell`s CEO, commented "Turkcell`s management looks forward to continuous improvements in its corporate governance practices as always and the guidelines approved today are a clear sign of our long-term commitment. In addition, we believe the dividend policy will also provide further comfort for our shareholders regarding their future expectations."

http://www.turkcell.com.tr/ About Turkcell

Turkcell is the leading GSM operator in Turkey with 22.3 million postpaid and prepaid customers as at the end of the third quarter 2004. Turkcell provides high-quality wireless telephone services throughout Turkey and has coverage of 100% of the towns with more than 10,000 inhabitants. Turkcell provides roaming with 405 operators in 167 countries as of June 30, 2004. Turkcell is the only NYSE listed company in Turkey. Turkcell has interests in international GSM operations in Azerbaijan, Georgia, Kazakhstan, Moldova and Northern Cyprus, which have a total of 3.0 million subscribers as of June 30, 2004.

[ada35]

Türkcell-Telia Sonera

Telia Sonera möchte von Türkcell seine Anteile erhöhen.
Zur Zeit besitzt Telia Sonera 37,09% Anteile von Türkcell.

[Scheiss_Egal]

Woher kommt die Meldung? Woher sollen die Aktien kommen, aus dem Freefloat?

Gruß S_E

[ada35]

Nachrichten Quelle

http://www.cnnturk.com.tr/EKONOMI/SIRKETLER/haber_detay.asp?…

[ada35]

kannst du Türkisch ?

[Scheiss_Egal]

Leider nur ein paar Brocken, für so einen Text reicht es leider nicht! Kannst Du helfen?

Gruß S_E

[ada35]

also nur kurz

Türkcell hat 9 milyarden dollar Boersenwert

Cukurova ist der größte Anteilinhaber,
aber Cukurova hat viel Schulden bei der Türkischen Stadt und bei der Yapikredibank deswegen behält die Stadt und Yapikredibank als Sicheheit die Türkcell Aktien von Cukurova.

Bei Yapikredibank 16,5 % Türkcell aktien
und beider stadt 13% Türkcell Aktien

Cukurova bezahlt seine schulden bei der Stadt mit Raten zurück, aber bei der Yapikredibank nicht.
Cukurova muß die Schulden bei der Yapikredibank bis 30.01.05 bezahlen wenn bis dahin die schulden nicht bazahlt wird kann die Yapikredibank die aktien an andere verkaufen
TeliaSonera würde dann die Türkcell Aktien von yapikredibank kaufen

Gruß Ada35

[ada35]

Nach angaben von Zeitung"Yeni Safak"

TeliaSonera hat heute für die Türkcellaktien officell einen Kauf Antrag gestellt.
Telia Sonera besizt zur Zeit einen Teil von 37% .Wenn er 4% noch bekommt dann ist er der größte Anteilinhaber von Türkcell

TeliaSonera Telekom, Mobilfunk aus Finland

[ada35]

Turkcell Reports Q3 2004 Results

http://www.turkcell.com.tr/announcements/announcements_2004_…

[Scheiss_Egal]

12:03pm 01/07/05
Turkcell says 2004 subscriber base up 23% to 23.4M (TKC) By Carla Mozee
SAN FRANCISCO (CBS.MW) -- Turkcell (TKC) said Friday that its subscriber base increased 23 percent to 23.4 million in 2004, up from 19 million subscribers in 2003. Turkcell, which provides mobile-phone services in Turkey, said in the fourth quarter about 1.1 million new subscribers signed up for service. The company said its fourth-quarter churn rate, which reflects how many customers switch or terminate service, was 1.96 percent and its 2004 customer churn was 9.1 percent, down from 14.5 percent in 2003.

[Scheiss_Egal]

13.01.2005 17:45:
Update Turkcell Iletisim Hizmetleri A.S. (Spons. A

In ihrer Analyse vom Donnerstag, 13. Januar 2005 stufen die Analysten von Merrill Lynch die Aktie des Unternehmens Turkcell (Nachrichten) Iletisim Hizmetleri A.S. (Spons. ADRS) von "Buy" auf "Neutral" zurück. Ein Kursziel geben die Analysten nicht an.

[Scheiss_Egal]

31.01.2005 14:21:
Turkcell: Outperform

Die Analysten der Credit Suisse First Boston stufen in ihrer Analyse vom 31. Januar die Aktie des türkischen Mobilfunkdienstleisters Turkcell Iletisim Hizmetleri (Nachrichten) A.S. mit "Outperform" und einem Kursziel von 17 Dollar ein.

Zeitungsberichten zufolge habe das Unternehmen Cukorova um eine Verlängerung der Option zum Erwerb eines 13 prozentigen Anteils an Turkcell gebeten. YKB habe dies abgelehnt. Die Unsicherheiten in der Aktionärsstruktur würden aus Sicht der Analysten hohe Bewertungsrisiken bergen.

Des Weiteren habe es eine Agentur gegeben, wonach Turkcell seitens des iranischen parlamentarischen Ausschusses die Erlaubnis bekommen habe, die zweite GSM-Lizenz in Iran zu erwerben unter der Bedingung, dass das Unternehmen seinen Anteil am Projekt auf 49 Prozent reduziere. Sprechern von Fachausschüssen zufolge müssten ausländische Investitionen zu 51 Prozent an den iranischen Staat und zu 49 Prozent an den ausländischen Investor aufgeteilt werden.

[Scheiss_Egal]

14.02.2005 09:29:
Turkcell Provides Update on the Process Regarding its GSM License Agreement in Iran

ISTANBUL, Turkey, February 14 /PRNewswire-FirstCall/ -- Turkcell (Nachrichten), the leading provider of mobile communications in Turkey, announced today an update on the approval process of its GSM license agreement in Iran.

On an announcement we made on September 23, 2004 we announced that a license agreement has been signed between Irancell Consortium ("Irancell"), majority of which is owned by Turkcell, and the Iranian Government. However, after the signing of the license agreement, the Iranian Parliament has clarified that the Iranian law, which requires the approval of Parliament for Turkish originated foreign investments with more than 50.1% Turkish ownership, is applicable to Turkcell`s GSM investment in Iran through Irancell and we also stated that Irancell must receive the Iranian Parliament`s approval to become the second licensed GSM operator in Iran.

As per an unofficial statement released on the newswires on February 13, 2005 regarding the ongoing approval process of the Iranian Parliament, we understand that that a Parliamentary subcommittee`s proposal to reduce Turkcell`s stake in Irancell to 49% has been approved by the Iranian Parliament.

As we already stated in our announcement dated January 31, 2005, to the extent that Turkcell`s stake in Irancell is reduced to 49%, Turkcell`s managing and controlling rights of Irancell would be restricted, as would the ability of Turkcell to consolidate Irancell`s financial results into its financial statements. These restrictions would significantly differ and conflict with the license agreement`s terms and conditions approved by Turkcell`s Board of Directors on September 23, 2004, the license agreement signed by Irancell and the agreements signed between Irancell and its current shareholders.

Although the approval process in the Iranian Parliament is still continuing, the suggested developments increase the risks associated with the realizability of the Irancell license agreement process. Turkcell`s management is awaiting the final decision of the Iranian Parliament and is closely monitoring the developments.

http://www.turkcell.com.tr/ About Turkcell

Turkcell is the leading GSM operator in Turkey with 23.4 million postpaid and prepaid customers as December 31, 2004. Turkcell provides high- quality wireless telephone services throughout Turkey and has coverage of 100% of the towns with more than 10,000 inhabitants. Turkcell provides roaming with 436 operators in 174 countries as of January 31, 2005. Turkcell is the only NYSE listed company in Turkey. Turkcell has interests in International GSM operations in Azerbaijan, Georgia, Kazakhstan, Moldova and Northern Cyprus, which have a total of 3.5 million subscribers as of September 30, 2004.

Turkcell

[grobschnitt]

Turkcell hats ja inzwischen ganz schön runtergeprügelt. Leider ist in diesem Thread auch schon lange nichts mehr reingeschrieben worden.

Habt Ihr Die Aktien noch???

Lohnt sich jetzt ein Einstíeg. Was meint Ihr???

Beobachte die Aktie seit 10.4 Cent

[grobschnitt]

Gestern um 10% nach unten geprügelt.

Heute kurweilig bis 6% im Plus, aber es dreht und geht weiter abwärts.

Hat jemand eine Ahnung warum???

[Scheiss_Egal]

Tja schwer zu sagen warum die Aktien gefallen sind, es gibt wohl mehrere Gründe. Zunächst muss man ja sagen das die Aktie in der Vergangenheit gut gelaufen ist und schon recht ambitioniert bewertet war im Top, an Gewinnmitnahmen ist halt noch nie jemand gestorben. Dann ist die charttechnische Situation angeschlagen bzw angeschlagen gewesen (mal sehen ob die 200 Tage Linie hält. Ich glaube aber, dass schwerpunktmäßig Verunsicherung in die Aktie durch die Iran-Geschichte gekommen ist, man darf schließlich nicht vergessen, dass reichlich Umsatz in der Aktie in den USA gemacht wird und die Amerikaner sind ja bekannt für ihre Liebe den Mullahs gegenüber.

Gruß S_E

[Stoni_I]

TeliaSonera erhöht Beteiligung an Turkcell auf 64,3%

ISTANBUL (Dow Jones-VWD)--Die TeliaSonera AB, Farsta, übernimmt eine 27-prozentige Beteiligung an dem türkischen Mobilfunkunternehmen Turkcell Iletisim Hizmetleri AS von der Cukurova Group für 3,1 Mrd USD. Damit steigt der Anteil des skandinavischen Telekomkonzerns auf 64,3%. In einer Eingabe an die Börse Istanbul erklärte TeliaSonera, kein öffentliches Übernahmeangebot machen zu wollen. Turcell werde ein börsennotiertes Unternehmen bleiben. Bei Turkcell gebe es interessante Entwicklungsmöglichkeiten, sagte Anders Igel, President und Chief Executive von TeliaSonera.
(ENDE) Dow Jones Newswires/25.3.2005/DJN/nas
25.03.2005, 12:33

[Scheiss_Egal]

Scheint spannend zu werden mit der Übernahme des Cukurova-Anteils, denn die russ. Alfa-Gruppe bietet mit, kann aber auch nur ein Scheingefecht sein um Unruhe zu stiften wegen des Kampfes um die russ. MegaPhon!

Gruß S_E

[Scheiss_Egal]

Doch keine Spannung:

Turkcell deal will happen very fast now - TeliaSonera

2.5.2005 at 15:51

The Nordic telecoms group TeliaSonera aims at pushing through its Turkcell purchase now that the Turkish telecoms operator`s annual meeting has accepted TeliaSonera`s rise to majority holder of the company Friday last week.

Michael Kongstad, communications director of TeliaSonera, told the Finnish News Agency (STT) on Monday that the most significant result of the decision was that TeliaSonera can finally file an application for an exceptional licence with the Turkish government for not needing to make an offer for the rest of the shares. Turkish legislation calls for the company attaining majority shareholdership to make an offer for the entire company.

"We will file the application a soon as possible. The exact date has not been decided upon, because the necessary material must first be prepared," Mr Kongstad added.

[Scheiss_Egal]

Und nun gibt es also doch wieder Spannung, aber eben auch Spannungen, ob das dem Unternehmenserfolg gut tut?:


Russia`s Alfa about to get the better of TeliaSonera in battle for Turkcell

1.6.2005 at 12:46

According to the Wednesday issue of Svenska Dagbladet, a Swedish broadsheet, Finnish-Swedish telecommunications group TeliaSonera is about to lose its grip on Turkcell, the Turkish mobile phone operator it has been trying to buy more of.

The paper reports that Alfa Group of Russia is in the process of setting up a holding company with Çukurova, a family firm that owns a large chunk of Turkcell, that would be used to buy the 45 per cent of Turkcell stock that TeliaSonera currently owns.

Last week, the heavily indebted Turkcell retreated from a deal to sell its Turkcell shares to TeliaSonera.

[pop_sin]

Hallo/ Selam!
Eine Frage: Kann einer mir erklären, warum Turkcell (WKN:502723) die letzte Woche von über 5€ um 20% auf knapp etwas über 4€ eingebrochen ist und die ADRs (WKN: 806276) nicht so heftig gefallen sind... Hat einer eine plausible Erklärung dafür. Ich konnte selbst keine besonderen Gründe oder Nachtichten finden. Grüße

pop_sin

[Schorsch°]

Was ist heute los? Gibt es Nachrichten? DANKE

[Stochastic]

[posting]16.861.101 von Schorsch° am 10.06.05 17:11:10[/posting]Der Kursrutsch hat nichts zu sagen. Dazu diese News:

Turkcell`s Board Approves Capital Increase in the Form of Bonus Shares
Monday May 2, 5:29 am ET


ISTANBUL, Turkey, May 2 /PRNewswire-FirstCall/ -- Turkcell (NYSE: TKC, ISE: TCELL), (www.turkcell.com.tr), the leading provider of mobile communications services in Turkey, today announced that the Company`s Board of Directors convened on April 29, 2005, and approved capital increase in the form of bonus shares.

Following the approval of the increase in registered capital ceiling of Turkcell (the "Company"), to TRY2,200,000,000 from TRY1,500,000,000 on April 29, 2005, on the Annual General Assembly, the Board of Directors, on April 29, 2005, resolved that the issued capital of the Company would be increased to TRY1,854,887,341 from TRY1,474,639,361. Accordingly, the total amount to be increased is TRY380,247,980. Of this, TRY234,091,601 is from the distributable income of the Company from 2004 earnings while TRY146,156,379 is from the capital inflation adjustment. The total amount will be added to the capital of the Company and the bonus shares to be issued accordingly will be distributed to our shareholders.

As announced earlier, the rate of the bonus share certificate to be issued for each share having a nominal value of TRY1 and to be distributed to our shareholders, will be %25.785829 and an application will be made to the Capital Markets Board and Istanbul Stock Exchange by the Company, for the registration of the bonus share certificates to be issued after the capital increase.

___________________________________________________________

Insgesamt wird man nicht schlechter gestellt sondern sogar ein paar Prozent besser als vorher, wie meine Berechnungen gezeigt haben, da jeder der die WKN 806276 oder in New York gekauft hat zusätzliche Aktien bekommen haben sollte!
Bei der WKN 502723 und in der Türkei (TCELL) war die Umstellung schön früher!
Also no panic. Das ganze gab es schon mal im August letztes Jahr!

P.S.Nach dem "Quasi-Splitt" im August 04 ging der Kurs nur noch nach oben von 9$ auf 20$....

[DoktorAllwissend]

Habe für die Einbuchung von Turkcell-Bonusaktien von meiner Bank EUR 10,-- belastet bekommen. Ist dies üblich?

[Scheiss_Egal]

Bei wemm bist Du denn? Ich habe nichts bezahlt!