We regularly conduct shareholder identification studies. These studies help us analyze our shareholder base and see ownership changes from one period to another. Our free float shareholders include Institutional Investors and Retail Investors among others.
December 2017 study by an independent service provider shows that, Türk Telekom had almost 200 institutional investors from all around the world. According to this survey, majority of the Turk Telekom investor base is Value Investors. Other styles with significant presence include Growth and Index.
Regarding regional breakdown, most of our institutional investors are based in the Continental Europe and North America.