| Business Summary | | Turkcell
Iletisim
is
a
telecommunications
company
that
covers
all
urban
centers
in
Turkey,
highways
connecting
Istanbul,
Ankara
and
Izmir
and
over
80
countries
overseas
including
the
United
States
in
some
five
years.
Turkcell's
subscribers
number
over
7.2
million.
On
April
27,
1998,
Turkcell
and
the
Turkish
Ministry
of
Transportation
reached
a
25-year
licensing
agreement
whereby
Turkish
Telecom
and
Turkcell
exchanged
duties.
Turkcell
became
liable
for
subscription,
invoicing,
mailing
and
collection
of
payments.
The
Company's
mobile
communications
network
is
based
on
the
Global
System
for
Communications
technology.
The
Company
provides
mobile
voice
and
data
services. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Turkcell
Iletisim
is
engaged
in
establishing
and
operating
a
Global
System
for
Mobile
Communications
(GSM)
network
in
Turkey.
The
Company
provides
voice
and
data
services,
develops
a
mobile
brand,
and
offers
a
wide
range
of
mobile
services.
For
the
three
months
ended
3/31/01,
sales
rose
11%
to
$530.3
million.
Net
loss
totaled
$74.5
million
vs.
an
income
of
$75.1
million.
Results
reflect
a
larger
subscriber
base,
offset
by
the
devaluation
of
Turkish
Lira
against
the
US$. Recent Earnings Announcement For
the
3
months
ended
03/31/2001,
revenues
were
530,300;
after
tax
earnings
were
-74,500. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | Mehmet Karamehmet, 56 | Chairman | Cuneyt Turktan, 46 | CEO | Mine Alpar, 35 | Marketing
Director | E. Fuat Ertuzun, 41 | Information
Technology Director | Koray Ozturkler, 36 | International
Bus. Devel. and Operations Director |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|