Türk Telekom has been presenting the contemporary communication media to its customers with excitement since 1840.
Türk Telekom Group, the leading communication and convergence technology group in Turkey, provides integrated telecommunication services from PSTN and GSM to broadband internet. As of Türk Telekom Group, the leading communication and convergence technology group in Turkey, provides integrated telecommunication services from PSTN and GSM to broadband internet. As of December 31, 2018, Türk Telekom has 14.4 million fixed access lines, 10.9 million broadband and 21.5 million mobile, and 3.6 million TV subscribers. Group companies have a modern network infrastructure covering the whole country and offer a wide variety of services to residential and commercial customers all over Turkey. Türk Telekom owns 100% of one of the three GSM operators in Turkey - TT Mobil, broadband provider TTNET, convergence technologies company Argela, IT solutions provider Innova, online education company Sebit A.Ş., call center company AssisTT and wholesale data and capacity service provider company Türk Telekom International and its subsidiaries. Türk Telekom also has an indirect minority share in Albtelecom, the Albanian incumbent telecom operator. 55% of Türk Telekom shares belong to LYY (Levent Yapılandırma Yönetimi A.Ş.), 25% belongs to Republic of Turkey Ministry of Treasury and Finance and 5% belongs to Turkish Wealth Fund. The remaining 15% is publicly traded. Türk Telekom shares are listed in Borsa Istanbul.
*According to Official Gazette was published on 5 February 2017, Council of Ministers decided to transfer 6,68% (5% B Group shares & 1.68% D Group shares) of the shares of the Company belonging to the Turkish Treasury to the Turkish Wealth Fund.
Initial Public Offering of Türk Telekom
"Group D" bearer shares with a total nominal value of TL 525 million which belonged to the Turkish Treasury and which correspond to 15% of Türk Telekom's paid-in capital were publicly offered following the authorization of the sale by the Capital Markets Board. Once the public offering had been completed, the shares have been listed on the national market of Borsa İstanbul as of May 15, 2008. The 2008 public offering of 15% shares of Türk Telekom was the seventh biggest public offering in the world and the biggest ever in Turkey. As a result of this offering, the Turkish Treasury secured a total of USD 1.9 billion (TL 2.4 billion) in revenue. The floor and cap prices set for the public offering were TL 3.90 and TL 4.70 respectively. The final issue price was TL 4.60, which corresponded to a company valuation of USD 15.5 billion and a share valuation of USD 12.7 billion. During the bookbuilding period (April 28-29-30, 2008), potential investors in Turkey submitted bids for 1.1 billion shares worth a total of TL 5.3 billion. All of the bids submitted by PTT employees, Türk Telekom employees, and small investors were satisfied with shares. In the case of institutional investors and individual major investors, the satisfaction rates were 95% and 6% respectively. A total of 95,000 bids were received from domestic resident investors during the public offering and final sales were made to 94,000 of them. The Türk Telekom public offering represents one of the biggest offerings ever undertaken in Turkey in terms of the domestic allocation and sales.