Why invest in Turkcell....
- Robust economic achievements; inflation rate falling from 70% levels to 10% levels and interest rates falling from 100% to 15% levels in 2001 and 2008 period.
- Political stability with commitment to structural reforms, EU accession process, strong IMF relations and more FDI's coming into the country.
- A unique investment opportunity with its impressive GDP growth potential.
- Suggesting further room for growth with approximately 90% mobile line penetration as of March 31, 2009, one of the lowest penetrated markets in Europe.
- The youngest and most dynamic population in Europe with around 35% of the population below age 19 forming a great base of future potential.
- Continuous population growth in Turkey compared to negative growth in other emerging countries.
- Approximately 56% market share as of March 31, 2009 in a 3 operator environment.
- By far the strongest operator in brand image, customer satisfaction, network coverage and profitability.
- Operates in eight different countries, reaching 160 million people.
- Solid operational & financial performance with large subscriber base and high margins.
- Recorded revenue of US$1,283 million, EBITDA of US$472 million and net income of US$344 million for the quarter ended March 31, 2009.
- As of March 31, 2009 number of subscribers has reached 36.4 million .
- The only company in Turkey with NYSE listing as a result complying with Sarbanes Oxley as well as local capital market requirements.
- Superior advantage against competition in terms of coverage and capacity with population coverage of 99% as of March 31, 2009.
- Leading provider of mobile communications services in Turkey in terms of breadth, usage and quality of Value Added Services and
one of the pioneers in the world with innovative products.
- Established dividend policy. Turkcell's general dividend policy is to pay dividends to shareholders in line with the company's financial conditions. On May 8, 2009, the Turkcell Board of Directors’ dividend distribution proposal was approved at the Ordinary General Assembly of Shareholders. The distribution of cash dividends in an amount of approximately TRY1,098.2 million (approximately US$706.2 million as of May 13, 2009) represents a 69% increase compared to the previous year. This corresponds to 50% of Turkcell's distributable net income of 2008 and represents a net and gross cash dividend of TRY0.4991787 (approximately US$0.3210152 as of May 13, 2009) per ordinary share with a nominal value of TRY1 and approximately TRY1.2479475 (approximately US$0.8025386 as of May 13, 2009) per ADR.
