Turkcell jumps as it completes sale of units operating in Ukraine

Turkcell Iletisim Hizmetleri

10/09/2024 10:24

** Shares in Turkcell  TCELL.IS  rise 3% after the Turkish
mobile communications network group completed the sale of its
subsidiaries operating in Ukraine on Monday
** Turkcell says it has completed the transfer of shares, along
with all rights and liabilities in its subsidiaries Lifecell
LLC, LLC Global Bilgi and LLC Ukrtower to DVL Telecom, part of
Xavier Niel's NJJ Holding
    ** As of closing, Turkcell receives $524.3 million in
accordance with the share purchase agreement
    ** Brokerage Deniz Yatirim says that the completion of the
prolonged sales process will have a positive impact on investor
sentiment
    ** Turkcell is one of the best performers on Turkey's main
BIST 100 index  .XU100  which is up 0.39%
     

(Reporting by Canan Sevgili)
((mailto:canan.sevgili@thomsonreuters.com))