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Turkcell Superonline and Talih Kusu to merge, Turkcell to takeover 100% subsidiary Turktell. [IntelliNews - Weekly Reports](IntelliNews - Weekly Reports Via Acquire Media NewsEdge) Turkey's largest mobile operator Turkcell informed in a filing with Bourse Istanbul (BIST) that it decided to merge its 100% fiber internet services providing subsidiary Superonline Iletisim Hizmetleri (Turkcell Superonline) and its another 100% subsidiary Talih Kusu Altyapi Hizmetleri under Turkcell Superonline's roof in order to increase efficiency by simplifying the group's structure. Turkcell Superonline operates with a paid-in capital of TRY 1.4bn (EUR 490mn) while Talih Kusu operates with a paid-in capital of TRY 5mn, according to the public disclosure platform (KAP). In a separate filing with the BIST, Turkcell informed that it decided to takeover its 100% subsidiary Turktell Uluslararasi Yatirim Holding and to merge the company under the roof of Turkcell. Turkcell operates with a paid-in capital of TRY 2.2bn while Turktell operates with a paid-in capital of TRY 1.4bn, according to KAP. Turkcell (consolidated) Financials (bn TRY) 2013/H1 2014/H1 (y/y) Revenues 5,5 5,8 4,2% Gross Margin 2,1 2,2 7,7% Operating Income 1,6 1,4 -12,3% Net Income 1,1 0,9 -24,2% Source: PDP (c) 2014 Emerging Markets Direct Media Holdings LLC Provided by SyndiGate Media Inc. (Syndigate.info). |