- The new ownership structure is approved; Turkey Wealth Fund will be the controlling shareholder.
- Turkcell's long-term goals of transitioning into a communications technology company are on track.
- Turkcell is suffering from the fall of the Turkish lira, and the weak trend of the lira is continuing.
- Despite the negative environment caused by the shaky Turkish Economy, the company is well-positioned with its long FX positions, hedging activities, and shrinking liabilities.
For further details see:
Turkcell's New Ownership Is A Good Sign, But The Lira Spells Trouble