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Stock Market & Financial Investment News

News Breaks
January 30, 2013
10:06 EDTTKCTurkcell drops after court says Cukurova should be able to redeem shares
Britian's Judicial Committee of the Privy Council issued a judgement in Cukurova Holding's case against Alfa Telecom Turkey. The Judicial Committee said it considers that there was an event of default, which entitled Alfa Telecom Turkey to "accelerate the loan and to appropriate - or forfeit - the charged shares, but that relief against forfeiture should be available" to Cukurova "on appropriate conditions." The shares in question refer to Turkcell. Following the ruling, shares of Turkcell (TKC) are down 8%, or $1.30, to $15.57. Reference Link
News For TKC From The Last 14 Days
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February 23, 2015
15:32 EDTTKCTurkcell subsidiary wins 3G tender in Ukraine
Turkcell announced that its subsidiary Astelit, which provides mobile communication services in Ukraine under the life:) brand, obtained the rights to offer 3G services in Ukraine. Astelit won “Lot 1” - which the company said possesses the most favorable frequency band in terms of investment and provision of high quality services – with its bid of roughly $118.4M. Astelit is aiming to launch 3G services in Ukraine 6 months after the acquisition of the license, and will cover regional centers in Ukraine in 3G within 18 months as required by the Ukrainian regulator.
February 17, 2015
10:00 EDTTKCOn The Fly: Analyst Upgrade Summary
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04:45 EDTTKCTurkcell upgraded to Buy from Neutral at Goldman
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