About Turkcell
Turkcell is a company based in Istanbul (Turkey) founded in 1994.. Turkcell has completed 3 acquisitions, including BOYUT Group, Dakick and life Belarus. Turkcell operates in a competitive market with competitors including Skype, Nimbuzz, Pronto, Hello Pal and Rounds, among others.
- Headquarter Istanbul, Turkey
- Stage Public
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Sectors
Telecommunications
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Phone
*********
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Website
*********
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Social
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- Legal Name Turkcell Iletisim Hizmetleri A.S.
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Annual Revenue
$4.71 B (USD)55.6as on Dec 31, 2024
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Net Profit
$415.7 M (USD)17.11as on Dec 31, 2024
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EBITDA
$1.97 B (USD)19.72as on Dec 31, 2024
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Investments & Acquisitions
BOYUT Group
& 2 more
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IPO & Listings of Turkcell
Turkcell is a publicly listed company on the BIST with ticker symbol TCELL 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
97 people
Leadership Team
38 people
Sales and Marketing
36 people
Data Analysis and Operations Team
27 people
Finance and Accounting
26 people
Senior Team
17 people
Operations Team
14 people
Principal Team
9 people
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Funding Insights of Turkcell
- Total Funding Total Funding
- Total Rounds 2
- Last Round Last Round
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First Round
First Round
(26 Jan 2004)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2020 | Amount | Post-IPO - Turkcell | Valuation |
investors |
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| Jan, 2004 | Amount | Post-IPO - Turkcell | Valuation |
investors |
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| 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 Turkcell
Turkcell has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include TVF. 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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Sovereign wealth fund investing in finance, energy, and logistics sectors.
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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 Turkcell
Turkcell has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include BOYUT Group, Dakick and life Belarus. 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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Integrated project development services for renewable energy sectors are provided.
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2012 | ||||
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Interest-based online communities are facilitated for users worldwide.
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2009 | ||||
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Cellular operator in Belarus offering 2G, 3G and 4G services
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2004 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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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 - Turkcell
| 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 |
Turkcell Comparisons
Competitors of Turkcell
Turkcell 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 Skype, Nimbuzz, Pronto, Hello Pal and Rounds, 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 |
VoIP software for internet video chats and calls is offered.
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| domain | founded_year | HQ Location |
Cross-platform instant messaging and mobile calling services are offered.
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| domain | founded_year | HQ Location |
A communication platform is provided for seamless real-time connections.
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| domain | founded_year | HQ Location |
Messaging app for different languages
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| domain | founded_year | HQ Location |
Mobile video messaging app matching users via Facebook friendships.
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| domain | founded_year | HQ Location |
Secure messaging and video calling are enabled by Zangi app.
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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 Turkcell
Frequently Asked Questions about Turkcell
When was Turkcell founded?
Turkcell was founded in 1994 and raised its 1st funding round 10 years after it was founded.
Where is Turkcell located?
Turkcell is headquartered in Istanbul, Turkey.
What is the annual revenue of Turkcell?
Annual revenue of Turkcell is $4.71B as on Dec 31, 2024.
What does Turkcell do?
Turkcell was established in 1994 and is headquartered in Istanbul, Turkey. Operations are conducted in the telecommunications sector, where mobile phone services, television broadcasting, and broadband internet access are delivered to customers across the country. The company maintains a presence in the Turkish market, focusing on connectivity solutions for both individual and business users, with its primary domain as turkcell.com.tr.
Who are the top competitors of Turkcell?
Is Turkcell publicly traded?
Yes, Turkcell is publicly traded on BIST under the ticker symbol TCELL.
How many acquisitions has Turkcell made?
Turkcell has made 3 acquisitions, including BOYUT Group, Dakick, and life Belarus.
Who are Turkcell's investors?
Turkcell has 1 investor. Key investors include TVF.
What is Turkcell's ticker symbol?
The ticker symbol of Turkcell is TCELL on BIST.