|By Business Wire||
|June 27, 2014 11:36 AM EDT||
Turkcell (NYSE:TKC) (BIST:TCELL), Turkey’s leading telecommunications and technology company, was recognized for its IR practice at the 24th annual “IR Magazine Awards” ceremony. Turkcell’s Investor Relations Department received ‘The Best IR in Turkey’ award following a comprehensive, independent evaluation process during which 500 investors, analysts and opinion leaders worldwide were interviewed.
This is the second time in two years that Turkcell has been deemed worthy of this award. Turkcell’s IR department was selected as the “Best IR in Turkey” in 2013 prior to this year. The award stands apart from its peers with its independent nomination process, in which nominations come from a database of industry professionals and not from companies’ own applications. The winners are determined with the independent votes of industry professionals.
Turkcell’s Investor Relations Director Nihat Narin underlined Turkey’s rising standards in corporate governance and emphasized Turkcell’s leading role in implementing best IR practices. “With its economic potential and growth rate, Turkey continues to stand out among developing countries and maintains its position as the center of attention of the international investor community. Following new regulations on the capital markets, companies listed in Borsa Istanbul Stock Exchange improved their corporate governance standards, and now offer more secure and transparent solutions to investment community,” Narin remarked, “as Turkcell Investor Relations, we respond to the growing interest of national and international investors with best IR practices that have become a part of our company culture due to our dual listing at the NYSE and Borsa Istanbul. We believe that higher IR standards encourage investors to invest in Turkey, which, in turn, creates added value for Turkish economy. This award reaffirms our success in representing our country while upholding the highest transparency and accountability standards. We are very proud of being recognized for this accomplishment two years in a row.”
IR Magazine (Investors Relations Magazine) was created under the Economist Group, and is run by the Cross Border Limited media company. The company, which owns numerous prestigious magazines, websites and research teams in the finance field, is also the organizer of award ceremonies, conferences and activities, especially in the financial capitals of the world such as New York, London and Hong Kong.
53 companies from 21 countries competed for this year’s awards. In addition to Turkcell, companies including BASF, Continental, Unilever, Roche, and Allianz were also recognized for their accomplishments.
ABOUT TURKCELL: Turkcell is the leading communications and technology company in Turkey, with 34.8 million subscribers as of March 31, 2014. Turkcell is a leading regional player with its approximately 70.1 million subscribers in nine countries as of March 31, 2014. It has become one of the first among the global operators to have implemented HSPA+. It has achieved up to 43.2 Mbps speed using the Dual Carrier technology, and is continuously working to provide the latest technology to its customers. Turkcell Superonline, a wholly owned subsidiary of Turkcell, is the first telecom operator to offer households fiber broadband connection at speeds of up to 1,000 Mbps in Turkey. As of December 2013, Turkcell’s population coverage is at 99.49% in 2G and 86.17% in 3G. Turkcell reported a TRY2.9 billion (US$1.3 billion) revenue with total assets of TRY21.5 billion (US$9.8 billion) as of March 31, 2014. It has been listed on the NYSE and the BIST since July 2000, and is the only NYSE-listed company in Turkey. Read more at www.turkcell.com.tr
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