UNITED STATES SECURITIES AND EXCHANGE COMMISSION
 
Washington, D.C. 20549
 
FORM 6-K
 
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
 
Report on Form 6-K dated December 12, 2018
 
Commission File Number: 001-15092
 


TURKCELL ILETISIM HIZMETLERI A.S.
(Translation of registrant’s name in English)

Aydınevler Mahallesi İnönü Caddesi No:20
Küçükyalı Ofispark
34854 Maltepe
Istanbul, Turkey

(Address of Principal Executive Offices)


 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
 
Form 20-F           Form 40-F
 
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
 
Yes           No 
 
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
 
Yes           No 
 
Indicate by check mark whether the registrant by furnishing the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
 
Yes           No 
 
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- __________
 
Enclosure: A press release dated December 12, 2018, regarding Fintur Holdings B.V. divesting its interest in Kcell JSC.




 

Istanbul, December 12, 2018
 
 
Announcement Regarding Fintur Holdings B.V. Divesting its Interest in Kcell JSC

Our subsidiary Fintur Holdings B.V.* (“Fintur”), in which we hold 41.45% stake, has signed a binding agreement to transfer its 51% total shareholding in Kcell JSC (“Kcell”) established in Kazakhstan to Kazakhtelecom JSC (“Kazakhtelecom”) established in Kazakhstan, a fixed line operator controlled by the government of the Republic of Kazakhstan through the sovereign wealth fund Samruk-Kazyna. The deal is foreseen over an enterprise value of USD 771 million for 100% of shares. This corresponds to an EV/EBITDA multiple of 5.0 times based on the last twelve months EBITDA per September 2018. The regulatory approvals with respect to the transaction have been obtained. The final price will be determined following the closing procedures and the transaction will be finalized.

*Fintur Holdings B.V. is currently 41.45% owned by Turkcell and 58.55% by Telia Company. Fintur is classified as “assets held for sale” in our financials.


For more information:
 
Turkcell Investor Relations
 
investor.relations@turkcell.com.tr
 
Tel: + 90 212 313 1888
 

 




SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, Turkcell Iletisim Hizmetleri A.S. has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 

 
 
TURKCELL ILETISIM HIZMETLERI A.S.
   
   
Date:  December 12, 2018
By:
/s/ Zeynel Korhan Bilek
 
Name:
Zeynel Korhan Bilek
 
Title:
Investor Relations and Mergers & Acquisitions Director
     

 

 
 
TURKCELL ILETISIM HIZMETLERI A.S.
   
   
Date:  December 12, 2018
By:
/s/ Osman Yılmaz
 
Name:
Osman Yılmaz
 
Title:
Chief Financial Officer