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Turkcell Awarded for Best Financial Disclosure Procedures in Europe for Second Consecutive Year
Istanbul (ots/PRNewswire) - Turkcell , Turkey's leading communications and technology company, today announced being ranked as one of the top-five companies in Europe for its Financial Disclosure Procedures, and being awarded by IR Global Rankings (IRGR) at its 2011 The IR Summit in London on April 14, 2011.
IRGR conducts rankings in five regions: North America, Europe, Asia/Pacific and China, India and Latin America. A total of 150 companies from North American and Europe participated in this year's awards, including a number of the world's leading corporations such as Adidas, Cisco Systems, Intel and Visa. Turkcell was evaluated in the European category along with Allianz, BNP Paribas, PHILIPS and Royal Dutch Shell.
Nihat Narin, Head of Investor and International Media Relations at Turkcell, said, "We are proud to be recognized, for the second consecutive year, as one of Europe's front-runner companies for best practice in financial disclosure. We are constantly looking for ways to achieve a continuous rise in the standards of our best IR practices."
"The implementation of best practices in communicating with the capital markets helps companies earn and maintain investor confidence. Each year, we acknowledge those companies that have raised the bar in their approach to communicating with the investment community," said Luar Huber, head of IR Global Rankings.
ABOUT INVESTOR RELATIONS GLOBAL RANKINGS
The IR Global Rankings ("IRGR") is the most comprehensive ranking system for investor relations websites, online annual report, corporate governance practices and financial disclosure procedures. The ranking is based on extensive technical proprietary research of publicly traded companies through a clear and transparent methodology and is supported by key global institutions such as Arnold & Porter; KPMG; MZ and Sodali. For more information, please visit http://www.irglobalrankings.com.
Turkcell is the leading communications and technology company in Turkey with 33.5 million subscribers and a market share of approximately 54% as of 2010 (Source: Operator's announcements). Turkcell is a leading regional player, with market leadership in five of the nine countries in which it operates with its approximately 60.4 million subscribers as of 2010. Turkcell reported TRY9.0 billion ($6.0 billion) net revenue and its total assets reached TRY15.1 billion ($9.8 billion) as of 2010. Turkcell covers 82% of the Turkish population through its 3G and covers 99.07% of the Turkish population through its 2G technology supported network. Turkcell has become one of the first operators among the global operators to have implemented HSDPA+ and to reach to 42.2 Mbps speed with HSPA multi carrier solution. Turkcell has been listed on the NYSE and the ISE since July 2000 and is the only NYSE-listed company in Turkey. 51.00% of Turkcell's share capital is held by Turkcell Holding, 0.05% by Cukurova Holding, 13.07% by Sonera Holding and 1.19% by others while the remaining 34.69% is free float. Read more at http://www.turkcell.com.tr.