TKC Turkcell lletism Hizmetleri AS

---

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F ☒            Form 40-F ☐

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

 

Yes ☐            No  ☒

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

 

Yes ☐            No  ☒

 

Indicate by check mark whether the registrant by furnishing the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

 

Yes ☐            No  ☒

 

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- __________

 

Enclosure: A press release dated December 12, 2018, regarding Fintur Holdings B.V. divesting its interest in Kcell JSC.

 

Announcement Regarding Fintur Holdings B.V. Divesting its Interest in Kcell JSC

Our subsidiary Fintur Holdings B.V.* (“Fintur”), in which we hold 41.45% stake, has signed a binding agreement to transfer its 51% total shareholding in Kcell JSC (“Kcell”) established in Kazakhstan to Kazakhtelecom JSC (“Kazakhtelecom”) established in Kazakhstan, a fixed line operator controlled by the government of the Republic of Kazakhstan through the sovereign wealth fund Samruk-Kazyna. The deal is foreseen over an enterprise value of USD 771 million for 100% of shares. This corresponds to an EV/EBITDA multiple of 5.0 times based on the last twelve months EBITDA per September 2018. The regulatory approvals with respect to the transaction have been obtained. The final price will be determined following the closing procedures and the transaction will be finalized.

*Fintur Holdings B.V. is currently 41.45% owned by Turkcell and 58.55% by Telia Company. Fintur is classified as “assets held for sale” in our financials.

For more information:

 

Turkcell Investor Relations

 

investor.relations@turkcell.com.tr

 

Tel: + 90 212 313 1888

---