SUBSIDIARIES
 
TURK TELEKOM
 
 
History
  
From 1924 to 1995, Turk Telekom (TT) operated as part of the General Directorate of Postal Telegraph and Telephone (PTT). In 1995, TT was separated from PTT and incorporated as a joint stock company under the ownership of the Undersecretary of the Treasury. On July 1 2005, Oger Telecom was declared the winning bidder for the privatization of 55% of TT for $6.55bn - the biggest FDI in the history of Turkey. Oger Telecom recognizes Turkey as an important strategic market with considerable potential for long-term growth and believes its investment in TT will spearhead the introduction of new technologies to the Turkish telecoms market, bringing a host of exciting products and services.
 
   
Operational review
  
Türk Telekom is the leading provider of fixed-line services in Turkey. Through its 81.12% shareholding in Avea, it also provides mobile communications services in Turkey. For the year ended 31 December 2007, Türk Telekom's total consolidated revenue was TRY 9,232 million, and it had consolidated EBITDA of TRY 4,163 million.
 
Türk Telekom offers PSTN, Internet access, data and other fixed-line communications and value-added services to wholesale and retail customers in Turkey through its extensive fixed-line telecommunications network, which covers almost 100% of the population. As of 31 December 2007, it had approximately 18.2 million PSTN access lines in service. At that date, Türk Telekom had a market share in Turkey of approximately 97% of the wholesale broadband Internet access market based on number of broadband Internet access lines with 4.5 million ADSL Internet access lines. Türk Telekom offers wholesale Internet access services to a number of retail ISPs in Turkey, including its wholly owned subsidiary TTNet. As of 31 December 2007, TTNet had an approximate 95% share of the retail ADSL access market in Turkey based on number of ADSL Internet access lines. Türk Telekom also operates IT consulting services, telecommunications product and software services and education content businesses through the Company's wholly owned subsidiaries Innova, Argela and IES. The Company also operates CRM systems, directory services and call centres through its wholly owned subsidiary AssisTT. In addition, the Company owns an indirect 15.2% beneficial interest in Albtelecom, the incumbent fixed-line operator in Albania.
  
   
Shareholder Structure
  
55% ownership by Oger Telecom Ltd. (through OTAS), 30% held by the Turkish Treasury, and the remaining 15% Free Float.
 
   
Link
  
 
 
 
TTNET
 

In April 2006, Türk Telekom established a wholly owned subsidiary, TTNet, to provide dial-up and broadband services as well as value-added services, such as e-mail services. TTNet was established in keeping with the requirements of the Competition Authority for the privatization of Türk Telekom. TTNet conducts business with Türk Telekom on an arm's length basis along with other ISPs, thus achieving transparency in the market. TTNet is also Türk Telekom's largest wholesale ADSL Internet access customer. As of 31 December 2007, TTNet had 4.3 million ADSL Internet access lines, representing an approximate 95% share of the retail ADSL access market in Turkey based on number of access lines.

TTNET has the vision of developing its services constantly according to the changing and growing communication needs of its customers and aims for offering constant, widespread communication services that make its customers' life easier with its flexible, creative, good-quality solutions of the latest technology.

 
iNNOVA
 
  • One of the leading system integrators in Turkey with a broad client portfolio
  • Strong track record in complex IT projects in finance and telecom industries with proven products
  • Acquisition rationale is to support Türk Telekom's internal IT operations and to utilise their know-how in order to offer IT solutions to corporate and government clients
  • Actively pursuing overseas opportunities in South Africa, Kazakhstan and the Middle East
  
ARGELA
 
  • One of the most advanced telecom convergence solutions developers in Turkey
  • Established product portfolio with strong track record at convergence
  • Acquisition rationale is to use their solutions to accelerate and differentiate TT Group convergence initiatives
  • Also a major overseas thrust is on the way with an innovative offering called "tuitalk" as well as solution sales to target operators
 
Sebit
 
  • Leading online education infrastructure and content developer
  • Renowned education packages sold in Turkey and other countries
  • Acquisition rationale is to accelerate ADSL take-up by introducing educational services to the community in accordance with Ministry of Education curriculum 
  
ASSISTT
 

 On 26 October 2007, Türk Telekom formed AssisTT, a wholly owned subsidiary that operates Türk Telekom's call centres for its fixed-line services business. AssisTT also provides these services to third parties, such as the Radio and Television Supreme Council, or RTÜK in Turkey. Apart from call center services, Assistt also provides CRM and directory services.