Avea

Under the new legislation, the (TWF) will now be able to buy or to become partners with companies facing difficulty due to the coronavirus pandemic.

Turkey's Parliament on April 16 passed the bill prepared by the ruling Justice and Development (AK) Party to cushion the virus' impact on economic and social life.

Turkey's telecommunication watchdog BTK has fined the country's three mobile operators, Turkcell, Vodafone and Türk Telekom, over their failure to provide communications services in the wake of the 5.8-magnitude earthquake that struck Istanbul in September.

Turkey's telecom giant Türk Telekom and Garanti BBVA, one of the country's largest private banks, have said they came under a cyberattack on Oct. 27.

Turkey's GSM operators -- Turkcell, Vodafone and Türk Telekom -- posted 23.9 billion Turkish liras ($4.23 billion) net sales in the first half of 2019, state-run communications agency said on Oct. 15.

Türk Telekom has announced that its net income in the first quarter of 2019 soared 183 percent on an annual basis to 2.2 billion Turkish Liras.

Two Turkish deputy transport and transport ministers have been appointed to the Türk Telekom board of directors after two members of the company resigned. 

The Turkish Treasury and Finance Ministry has given the final approval paving the way for the transfer of a majority stake of Türk Telekom to a joint venture of creditor banks.

The transfer of a majority stake of Türk Telekom to a joint venture of creditor banks has been approved by Turkey's communication authority.

Integrated telecommunications company Türk Telekom posted an annual loss of 888.6 million Turkish Liras ($183 million) in the second quarter compared to a net profit of 890 million liras in the same period of 2017, due to the falling value of Turkey's currency and an increase in its financing costs, it said in a statement to the main Istanbul stock exchange on July 25.

Turkey's Akbank, Garanti and İş Bank have applied to the competition authority to take over 55 percent of Türk Telekom after Oger Telecom failed to make three payments on a $4.75 billion loan it secured to acquire a stake in the Turkish fixed-line operator, the competition authority has said.