History
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Türk Telekom's investment in Avea resulted from its previous
ownership of Aycell, which was its mobile subsidiary. In 2000, Türk Telekom was
awarded a GSM 1800 license by the Telecommunications Authority. In 2001, TT
reorganized its operations, contributing its mobile communications assets into
its newly created subsidiary, Aycell. In May 2003, Türk Telekom agreed with
Is-TIM, a joint venture between Telecom Italia Mobile and Isbank, which offered
GSM services under the Aria brand, to merge their Aycell and Aria operations
into a new company. This company was formed in February 2004 and named
TT&TIM Iletisim Hizmetleri A.S. The Avea brand was officially launched on
23 June 2004.
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Avea is the third largest mobile operator in Turkey with12.5 million
subscribers as of Q3 2011, of which 7.0 million were pre-paid customers and 5.5
million were post-paid customers. Avea offers a range of mobile communications
services, including traditional and value-added voice services, international
roaming services and data services (including SMS, GPRS and EDGE). For the year
ended 31 December 2010, Avea had revenue of TRY2,646 mn
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81% ownership by Turk Telekom and the remaining 19% held by
Turkiye Is Bankasi
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Link
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