Mehmet Emin Karamehmet

Turkcell dividend of 3 billion lira approved at general meeting: Company official

Turkey's largest mobile phone operator Turkcell's annual general meeting on May 25 approved the distribution of a three billion lira ($841 million) dividend, a company official has told Reuters.

The company stated on May 24 that shareholders of Turkcell Holding, which holds 51 percent of Turkcell, agreed to propose the three billion lira dividend.

Russia's Alfa 'has right to buy Turkcell stake after Çukurova deadline passes'

Turkish holding company Çukurova did not declare an intent to buy a 13.22 percent stake in Turkcell from Russia's Alfa Telecom by a Nov. 18 court deadline, a source close to the matter told Reuters on Nov. 21. 

"No declaration was made by the Friday (deadline). Now in line with the court decision, the option of buying has moved to Alfa," the source said. 

Russia's VTB says agrees with Alfa on Turkcell joint investment

Russian bank VTB said late on Nov. 7 it had reached an agreement with Alfa Group about a joint investment in Turkey's top mobile operator Turkcell.

The announcement comes ahead of a mid-November deadline for Russian billionaire Mikhail Fridman and Turkcell's founder Mehmet Emin Karamehmet to resolve a dispute over control of the Turkish company.

Expected arbitration ruling plays role in Russian Alfa's decision to sell Turkcell stakes: Sources

A possible ruling in favor of Turkey's Çukurova Holding by a U.K.-based arbitration court has played a significant role in a recent decision by the company's Russian partner in Turkcell, Alfa Telecom, about selling its Turkcell stakes, sources told daily Hürriyet. 

Ziraat Bank is expected to play a key role in the transaction, added sources.  

Qatari company completes acquisition of Turkish pay-tv during emir's visit

Qatari media group beIN has completed the takeover of Turkish satellite network and pay-tv provider Digitürk, a statement from the company said late on July 13, while Qatari Emir Tammim bin Hamad al-Thani met and conferred with Turkish President Recep Tayyip Erdo?an behind closed doors in Istanbul. 

Please let Mr. Ciliv relax

Turkcell is known as the crown jewel of the Turkish ICT industry. It is very profitable and it disseminates technology to every corner of the country far better than its rivals.

Financially speaking, Turkcell Group delivered a solid performance in 2013.