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History
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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.
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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.
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55% ownership by Oger Telecom Ltd. (through OTAS), 30% held by the Turkish
Treasury, and the remaining 15% Free Float.
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Link
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