Latest news with #AliTahaKoç
Zawya
27-05-2025
- Business
- Zawya
Dubai Islamic Bank loans $150mln to Turkcell to build Turkey's key digital infrastructure
Dubai Islamic Bank (DIB), the UAE's largest Islamic bank, has signed a $150 million Sharia-compliant financing agreement with the Istanbul-headquartered telco Turkcell to drive critical infrastructure development in Turkey. The five-year Murabaha facility will support Turkcell's investments in data centers, cloud technologies, and renewable energy, the Dubai-listed lender said. Turkcell CEO Ali Taha Koç said the transaction will accelerate the company's infrastructure investments and support long-term growth, opening doors to new Gulf-based investors. (Editing by Bindu Rai,
Yahoo
26-05-2025
- Business
- Yahoo
Turkcell Secures USD 150 Million Murabaha Financing From Dubai Islamic Bank PJSC to Accelerate Growth and Innovation
ISTANBUL, May 26, 2025--(BUSINESS WIRE)--Turkcell (NYSE: TKC) (BIST: TCELL), Türkiye's leading technology and communications company, has secured USD 150 million in Murabaha financing from Dubai Islamic Bank PJSC, a prominent bank in the Gulf region. At the signing ceremony, Turkcell Chief Executive Officer Dr. Ali Taha Koç stated: "Our goal and priority is to bring the most innovative technologies to our country and to provide the highest quality service to our customers. This transaction, which is based on interest-free Murabaha principles, will accelerate our infrastructure investments and serve as a significant resource to support our long-term growth objectives. It also demonstrates the strong investor appetite for Turkcell in the Gulf region." Turkcell has signed a landmark strategic financing agreement to bolster its infrastructure investments and support its long-term strategic growth objectives. This milestone deal broadens Turkcell's investor base and enhances its debt portfolio through a diversified range of financing instruments. By leveraging both conventional and Islamic financing, as well as international and local bond issuances, development bank loans, export credit agency facilities, and sustainability-linked financing, Turkcell strengthens its financial foundation. This diversified approach is essential for Turkcell's proactive balance sheet management, ensuring optimal resource utilization, enhancing financial resilience, and supporting long-term growth strategies. As part of the agreement reached with Dubai Islamic Bank PJSC, one of the Gulf region's leading financial institutions, Turkcell secured USD 150 million in Murabaha financing, in line with its commitment to diversifying funding sources. Turkcell CEO Dr. Ali Taha Koç, Turkcell CFO Kamil Kalyon, Dubai Islamic Bank's Group CEO Dr. Adnan Chilwan, and the Bank's Chief of Investment Banking Ali Ahmad attended the signing ceremony in Istanbul. "It will pave the way for new collaborations for Turkcell"In his speech at the signing ceremony, Turkcell Chief Executive Officer Dr. Ali Taha Koç said: "Turkcell is in an investment phase, focusing on strategic areas such as data centers, cloud technologies, and renewable energy while continuing to strengthen its core telecommunication services, including mobile and fixed broadband. This strategic five-year bullet structure financing opens doors to new Gulf-based investors and reinforces our commitment to sustainable and diversified growth. The Murabaha structure, based on interest-free financing principles, not only highlights Turkcell's global credibility but also serves as a gateway to future strategic partnerships across the Gulf region. As Turkcell accelerates its investments in next-generation technologies, this agreement is a key pillar of its ongoing mission to deliver value for stakeholders and shape Turkcell's digital future." Dubai Islamic Bank's Group Chief Executive Officer Dr. Adnan Chilwan commented at the signing ceremony: "We are delighted to have closed another deal from a GCC bank today via a USD 150 million Murabaha financing facility. Türkiye is a key pillar of DIB's cross border strategy, as a part of which DIB is delighted to have supported Türkiye's leading technology and communications company in its growth plans. I am confident we will continue to build a strong partnership with more landmark transactions for Turkcell." ABOUT TURKCELL: Turkcell is a technology and telecommunications company headquartered in Türkiye, offering a unique portfolio of voice, data, and IPTV services over its mobile and fixed networks along with digital consumer, enterprise, and techfin services. Turkcell Group operates in three countries: Türkiye, Belarus, and Northern Cyprus. Listed on both the NYSE and BIST since July 2000, Turkcell remains the only dual-listed company on these exchanges. Read more at View source version on Contacts +905322106020
Business Wire
26-05-2025
- Business
- Business Wire
Turkcell Secures USD 150 Million Murabaha Financing From Dubai Islamic Bank PJSC to Accelerate Growth and Innovation
ISTANBUL--(BUSINESS WIRE)--Turkcell (NYSE: TKC) (BIST: TCELL), Türkiye's leading technology and communications company, has secured USD 150 million in Murabaha financing from Dubai Islamic Bank PJSC, a prominent bank in the Gulf region. At the signing ceremony, Turkcell Chief Executive Officer Dr. Ali Taha Koç stated: "Our goal and priority is to bring the most innovative technologies to our country and to provide the highest quality service to our customers. This transaction, which is based on interest-free Murabaha principles, will accelerate our infrastructure investments and serve as a significant resource to support our long-term growth objectives. It also demonstrates the strong investor appetite for Turkcell in the Gulf region." Turkcell has signed a landmark strategic financing agreement to bolster its infrastructure investments and support its long-term strategic growth objectives. This milestone deal broadens Turkcell's investor base and enhances its debt portfolio through a diversified range of financing instruments. By leveraging both conventional and Islamic financing, as well as international and local bond issuances, development bank loans, export credit agency facilities, and sustainability-linked financing, Turkcell strengthens its financial foundation. This diversified approach is essential for Turkcell's proactive balance sheet management, ensuring optimal resource utilization, enhancing financial resilience, and supporting long-term growth strategies. As part of the agreement reached with Dubai Islamic Bank PJSC, one of the Gulf region's leading financial institutions, Turkcell secured USD 150 million in Murabaha financing, in line with its commitment to diversifying funding sources. Turkcell CEO Dr. Ali Taha Koç, Turkcell CFO Kamil Kalyon, Dubai Islamic Bank's Group CEO Dr. Adnan Chilwan, and the Bank's Chief of Investment Banking Ali Ahmad attended the signing ceremony in Istanbul. "It will pave the way for new collaborations for Turkcell" In his speech at the signing ceremony, Turkcell Chief Executive Officer Dr. Ali Taha Koç said: "Turkcell is in an investment phase, focusing on strategic areas such as data centers, cloud technologies, and renewable energy while continuing to strengthen its core telecommunication services, including mobile and fixed broadband. This strategic five-year bullet structure financing opens doors to new Gulf-based investors and reinforces our commitment to sustainable and diversified growth. The Murabaha structure, based on interest-free financing principles, not only highlights Turkcell's global credibility but also serves as a gateway to future strategic partnerships across the Gulf region. As Turkcell accelerates its investments in next-generation technologies, this agreement is a key pillar of its ongoing mission to deliver value for stakeholders and shape Turkcell's digital future." Dubai Islamic Bank's Group Chief Executive Officer Dr. Adnan Chilwan commented at the signing ceremony: "We are delighted to have closed another deal from a GCC bank today via a USD 150 million Murabaha financing facility. Türkiye is a key pillar of DIB's cross border strategy, as a part of which DIB is delighted to have supported Türkiye's leading technology and communications company in its growth plans. I am confident we will continue to build a strong partnership with more landmark transactions for Turkcell." Turkcell is a technology and telecommunications company headquartered in Türkiye, offering a unique portfolio of voice, data, and IPTV services over its mobile and fixed networks along with digital consumer, enterprise, and techfin services. Turkcell Group operates in three countries: Türkiye, Belarus, and Northern Cyprus. Listed on both the NYSE and BIST since July 2000, Turkcell remains the only dual-listed company on these exchanges. Read more at
Qatar Tribune
11-05-2025
- Business
- Qatar Tribune
Turkcell's Q1 2025 profits soar amid strong operational performance
Agencies Turkcell, Turkey's top mobile phone operator and largest data center operator, has made a strong start to 2025, according to its first quarter results announced Saturday. The operator is boating a net profit of TL 3.1 billion ($79 million) in the first three months of the year, maintaining a strong operational performance streak. Turkcell's consolidated income jumped by 12.7% year on year to hit TL 48 billion while its earnings before interest, taxes, depreciation and amortization (EBITDA) reached TL 21 billion with a 19% increase, marking the highest quarter result of the past decade and a 2.3%-point increase in annual margin. The company also recorded a growth rate of 47.5% in the Data Center and Cloud field, and 31.5% in the TechFin financing expenses were TL 1.3 billion with a 61.7% decline despite fluctuations in the foreign currency rates. The brand's mobile application offering personalized infrastructure and user-friendly design, has also reached 26.7 million active users and 543 million visits. Turkcell Superonline, which includes the operator's digital channels, has seen a 23% year on year increase in users, as well. According to Turkcell CEO Ali Taha Koç, the strong quarterly results have reinforced the company's belief about hitting all 2025 targets. 'This strong performance reflects the resilience of our diversified business model and our ability to execute on our strategy,' he said, assuring Turkcell would continue investing in opportunities in line with its goals of sustainable growth and creating value for all stakeholders. Koç touted Turkcell's continued leadership in the mobile phone market, reporting a net growth of 153,000 more contract subscribers in the first quarter. The share of postpaid subscribers in the total of mobile subscribes rose 4% points, reaching 76%, which is the highest rate the company has recorded since 2000. We have gained 1.6 million postpaid mobile subscribers in the past 12 months,' Koç said, noting a 15.9% annual climb in mobile average revenue per user (ARPU). Turkcell has also signed on in total 30,000 new clients for fixed fiber internet services and expanded its fiber internet network to include 43,000 new households. A total of six million households have access to Turkcell's fiber internet service as of March 2025, according to Koç. 'We closely keep up to date with new technologies to develop user experience and provide innovation in the fastest, most efficient way to our clients,' he said. Koç lauded Turkcell as the Turkey's first operator to offer Wi-Fi 7 technology to its fiber users in February.
