About Turk Telekom
Turk Telekom is a company based in Ankara (Turkey) founded in 1840 was acquired by TVF in March 2022.. The company has 36,610 employees as of December 31, 2024. Turk Telekom has completed 2 acquisitions, including Argela Technologies and Avea. Turk Telekom operates in a competitive market with competitors including MTN, Jio, Optus, Airtel and KT, among others.
- Headquarter Ankara, Turkey
- Employees 36610 as on 31 Dec, 2024
- Stage Public
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Sectors
Telecommunications
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Turk Telekomunikasyon A.S.
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Annual Revenue
$4.57 B (USD)61.35as on Dec 31, 2024
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Net Profit
$239.25 M (USD)-48.51as on Dec 31, 2024
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EBITDA
$1.68 B (USD)82.18as on Dec 31, 2024
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Latest Funding Round
$225.36 K (USD), Grant
Sep 01, 2017
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Investors
Garanti BBVA
& 6 more
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Employee Count
36610
as on Dec 31, 2024
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Investments & Acquisitions
Argela Technologies
& 1 more
- Acquired by
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IPO & Listings of Turk Telekom
Turk Telekom is a publicly listed company on the BIST with ticker symbol TTKOM in Turkey, operating in the Communications sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Software Development Team
130 people
Product Management Team
29 people
Sales and Marketing
25 people
Operations Team
14 people
Senior Team
10 people
Leadership Team
9 people
Mobile Team
7 people
Data Analysis and Operations Team
7 people
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Funding Insights of Turk Telekom
- Total Funding Total Funding
- Total Rounds 2
- Last Round Grant — $225,359
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First Round
First Round
(03 Jul 2012)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2017 | Amount | Grant - Turk Telekom | Valuation |
investors |
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| Jul, 2012 | Amount | Debt – Conventional - Turk Telekom | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Turk Telekom
Turk Telekom has secured backing from 7 investors, including institutional and venture fund investors. Prominent investors backing the company include Garanti BBVA, Akbank and Turkiye is Bankasi. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Corporate advisory services are provided across multiple sectors.
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Founded Year | Domain | Location | |
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Founded Year | Domain | Location | |
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Commercial bank with presence in turkey
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Turk Telekom
Turk Telekom has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Argela Technologies and Avea. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Mobile telecommunication services are offered to customers in Turkey.
|
2004 | ||||
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Networking solutions centered on 5G enabling technologies are developed.
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2003 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Turk Telekom
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Turk Telekom Comparisons
Competitors of Turk Telekom
Turk Telekom operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as MTN, Jio, Optus, Airtel and KT, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
MTN Group is recognized as a leading telecommunications provider in Africa.
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| domain | founded_year | HQ Location |
Provider of telecommunication services
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| domain | founded_year | HQ Location |
Mobile internet services are provided for homes and offices.
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| domain | founded_year | HQ Location |
Airtel is recognized as a provider of telecommunications and internet services.
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| domain | founded_year | HQ Location |
Provider of voice, data, and internet services
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| domain | founded_year | HQ Location |
Integrated telecom service provider
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Turk Telekom
Frequently Asked Questions about Turk Telekom
When was Turk Telekom founded?
Turk Telekom was founded in 1840 and raised its 1st funding round 172 years after it was founded.
Where is Turk Telekom located?
Turk Telekom is headquartered in Ankara, Turkey. It is registered at Ankara, Ankara, Turkey.
How many employees does Turk Telekom have?
As of Dec 31, 2024, the latest employee count at Turk Telekom is 36,610.
What is the annual revenue of Turk Telekom?
Annual revenue of Turk Telekom is $4.57B as on Dec 31, 2024.
What does Turk Telekom do?
Turk Telekom was founded in 1840 and operates in the telecommunications sector from its base in Ankara, Turkey. Broadband internet access, digital television broadcasting, and fixed-line telephony are offered to residential and business customers across the country. Network infrastructure is maintained to support data transmission and voice services, with expansion into mobile communications also pursued. The companys domain, turktelekom.com.tr, facilitates online customer interactions and service management.
Who are the top competitors of Turk Telekom?
Is Turk Telekom publicly traded?
Yes, Turk Telekom is publicly traded on BIST under the ticker symbol TTKOM.
How many acquisitions has Turk Telekom made?
Turk Telekom has made 2 acquisitions, including Argela Technologies, and Avea.
Who are Turk Telekom's investors?
Turk Telekom has 7 investors. Key investors include Garanti BBVA, Akbank, Turkiye is Bankasi, EBRD, and European Union.
What is Turk Telekom's ticker symbol?
The ticker symbol of Turk Telekom is TTKOM on BIST.