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Turkcell sold three subsidiaries for $524 million

  • September 10, 2024
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Turkish cellNJJ Holding group company, its subsidiaries in Ukraine sold to DVL Telecom. The entire transfer of Lifecell LLC, LLC Global Bilgi and LLC Ukrtower took place for

Turkish cellNJJ Holding group company, its subsidiaries in Ukraine sold to DVL Telecom. The entire transfer of Lifecell LLC, LLC Global Bilgi and LLC Ukrtower took place for 524 million dollars. Thus, Turkcell’s presence on the Ukrainian market has been terminated and it will no longer conduct any activities in this region.

The sales transaction closed on December 20, 2023. decision of the board and was completed in accordance with the approval of independent members. Turkcell announced that the sale price will be finalized based on the financial reports that will be prepared as of the closing date. The company made a statement to KAP $524 million announced that it had been paid.

Turkcell’s presence in Ukraine officially ended

With this process All Turkcell subsidiaries in UkraineAll companies active in the fields of telecommunications and customer relationship management were transferred to DVL Telecom. Turkcell’s voting rights in these subsidiaries were also reset and the subsidiary relationship was terminated.

Turkcell’s activities in Ukraine It is all over. The exact amount of profit or loss that will occur after the sale will be clarified in the financial reports on the closing date.

Source: Web Tekno

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