Turkcell Proposes New Share Buyback Program

An update from Turkcell Iletisim ( (TKC) ) is now available.

On March 25, 2025, Turkcell Iletisim Hizmetleri A.S. announced that its Board of Directors resolved to propose a share buyback program for approval at the 2024 Ordinary General Assembly. This program aims to protect investors from economic fluctuations and facilitate employee share ownership plans. The buyback program, which will last for a maximum of three years, allows the company to repurchase up to 10% of its issued capital using a fund of up to TRY 8.5 billion. The initiative is expected to have minimal impact on Turkcell’s financial position or operational results, as the allocated fund represents only 2% of the company’s total assets as of December 31, 2024.

More about Turkcell Iletisim

Turkcell Iletisim Hizmetleri A.S. is a leading telecommunications company based in Istanbul, Turkey. It provides a range of services including mobile, fixed, and broadband internet services, with a focus on the Turkish market and expanding its influence in the global telecommunications industry.

YTD Price Performance: -7.04%

Average Trading Volume: 550,644

Technical Sentiment Signal: Sell

Current Market Cap: $5.14B

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