Turkish mobile operator Turkcell has announced it will guarantee up to US$147.25m for its investment vehicle FinanCell to provide financing for its group companies.
According to a brief stock exchange statement on 1 December, the total guarantees as…
Turkish mobile operator Turkcell has announced it will guarantee up to US$147.25m for its investment vehicle FinanCell to provide financing for its group companies.
According to a brief stock exchange statement on 1 December, the total guarantees as a percentage of total assets amounted to 15.8% as of 30 September 2011.
Turkcell, which was unable to comment before the press deadline, did not disclose further details about the planned financing.