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Turkcell Announces Strategic Subsidiary Merger and Liquidation
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Turkcell Announces Strategic Subsidiary Merger and Liquidation

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Invest with Confidence:

Turkcell Iletisim ( (TKC) ) has shared an update.

On January 27, 2025, Turkcell announced the merger of its wholly owned subsidiary, Lifecell Dijital Servis ve Çözümler A.Ş., with Lifecell Bulut Çözümleri A.Ş., acquiring all assets and liabilities of the latter through a simplified merger. Additionally, Turkcell decided to liquidate its wholly owned subsidiary, Paycell LLC, based in Ukraine, indicating a strategic realignment within its portfolio.

More about Turkcell Iletisim

Turkcell Iletisim Hizmetleri A.S. is a prominent telecommunications company in Turkey, primarily offering digital services, telecommunications solutions, and cloud-based services. The company focuses on expanding its service offerings within the telecommunications and digital solutions sector.

YTD Price Performance: 11.83%

Average Trading Volume: 403,835

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: $6.51B

See more data about TKC stock on TipRanks’ Stock Analysis page.

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