Turkey’s mobile operator Turkcell is seeking strategic foreign partnerships for its subsidiaries, CEO Murat Erkan told daily Hurriyet during the Consumer Electronics Show (CES) in Las Vegas.
Erkan said that the company has opened up the subsidiaries Paycell, Bip, and Superonline to investors, and funds from the US, Asia, and the Middle East have shown interest in its companies. He added the company is looking for partners to speed up expansion abroad, and not just financial investors.
Turkcell is listed on the New York Stock Exchange and had revenues of TL9.4bn ($678.1m) in Q3 2021.
Turkcell has authorised JP Morgan to find investors for its payment processing company Paycell and talks are ongoing with about 10 potential investors.
Turkcell, which has a presence in Turkey’s TV industry, is currently planning to invest TL270 million in providing fibre internet access to 110,000 households.
The company is now planning to provide fiber internet access for 110,000 households with an investment of 270m liras ($194.7m). After this investment, Turkcell’s fiber network will reach 53,000 kilometres.