One of Turkey’s largest telecommunications companies Turkcellannounced that it has set up a new insurance company, which will continue its “insurance business based on digital and innovative technologies”. The notification to the Public Disclosure Platform (KAP) states the name of the newly established company “Turkcell Digital Insurance Inc.“It will be listed.

According to Turkcell’s statement, an application has been made to the Ministry of Commerce for the establishment of Turkcell Digital Insurance A.Ş. With the approval of the Ministry, The registration and licensing procedures will begin.† According to the information on KAP, the capital of the insurance company will be TL 1 million. The entire management of the company Turkcell Finansman A.Ş. will be in it.

Turkcell’s statement to KAP is as follows:

“Turkcell Finansman A.Ş., whose capital we own, will own 100%An application has been made to the Ministry of Commerce for the establishment license of Turkcell Digital Insurance A.Ş., which will provide digital experiential and data-based innovative insurance solutions. Company capital 1,000,000 TL† After the approval of the Ministry of Commerce regarding the establishment, the permit application process begins with the registration of the establishment.

Public announcement of the company’s incorporation may affect investors’ investment decision and share value. Capital Markets CouncilIt was postponed by the decision of the Board of Directors under Article 6 of the Communiqué on special circumstances.

It is not yet known in which area the insurance company of Turkcell will operate. not quite known† More official statements on the subject are expected in the near future.