01.02.2005 17:18:00
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Trading in Turkcell Was Suspended in Istanbul and New York Stock Excha
Business Editors
ISTANBUL, Turkey--(BUSINESS WIRE)--Feb. 1, 2005--Turkcell (NYSE: TKC, ISE: TCELL), the leading provider of mobile communications in Turkey, announced today that trading in Turkcell was suspended in Istanbul Stock Exchange today.
Turkcell made an announcement earlier today in response to a request from the Istanbul Stock Exchange for information regarding the expiration of the Cukurova Group's option to buy Turkcell shares, directly and indirectly owned by Yapi Kredi Bank (YKB) as of January 31, 2005, and developments regarding the subject. Even though we informed the Istanbul Stock Exchange that Turkcell is not a party to the agreements related to Cukurova Group's option to buy Turkcell shares, and that we do not have any information at this time, the trading suspension continued all day since Istanbul Stock Exchange is expecting further information from other parties subject to the agreement.
Given that trading in Turkcell was suspended in Istanbul, the NYSE has halted trading in New York as well. Once Turkcell receives additional information regarding this subject, it will make necessary announcements.
www.turkcell.com.tr
About Turkcell
Turkcell is the leading GSM operator in Turkey with 23.4 million postpaid and prepaid customers as of December 30, 2004. Turkcell provides high-quality wireless telephone services throughout Turkey and has coverage of 100% of the towns with more than 10,000 inhabitants. Turkcell provides roaming with 423 operators in 173 countries as of November 30, 2004. Turkcell is the only NYSE listed company in Turkey. Turkcell has interests in international GSM operations in Azerbaijan, Georgia, Kazakhstan, Moldova and Northern Cyprus, which have a total of 3.5 million subscribers as of September 30, 2004.
--30--KK/ny*
CONTACT: Turkcell Investors: Koray Ozturkler, +90 212 313 1500 Email: koray.ozturkler@turkcell.com.tr or Ferda Atabek, + 90 212 313 1275 Email: ferda.atabek@turkcell.com.tr Email: investor.relations@turkcell.com.tr or Media: Nazli Candan, + 90 212 313 2310 Email: nazli.candan@turkcell.com.tr or Bahar Erbengi, + 90-212/313-2309 Email: bahar.erbengi@turkcell.com.tr or Citigate Dewe Rogerson Europe: Kate Delahunty, +44-20/7282-2934 Email: kate.delahunty@citigatedr.co.uk or United States: Victoria Hofstad/Jessica Wolpert, +1-201-499-3500 Email: victoria.hofstad@citigatefi.com Email: jessica.wolpert@citigatefi.com
KEYWORD: NEW YORK TURKEY INTERNATIONAL EUROPE INDUSTRY KEYWORD: TELECOMMUNICATIONS SOURCE: Turkcell
Copyright Business Wire 2005
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