Bulletin: Change In Turkcell's Ownership Structure Is Moderately Positive For Governance - S&P Global Ratings’ Credit Research

Bulletin: Change In Turkcell's Ownership Structure Is Moderately Positive For Governance

Bulletin: Change In Turkcell's Ownership Structure Is Moderately Positive For Governance - S&P Global Ratings’ Credit Research
Bulletin: Change In Turkcell's Ownership Structure Is Moderately Positive For Governance
Published Jun 19, 2020
2 pages (1052 words) — Published Jun 19, 2020
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Abstract:

MOSCOW (S&P Global Ratings) June 19, 2020--S&P Global Ratings today said that recently announced change in Turkcell?s (BB-/Stable/--) ownership structure is moderately positive for the company's governance. We believe that the transaction announced by new and former shareholders of Turkcell, including Turkish Wealth Fund (TWF) and Telia, will lead to a simplified ownership structure and will benefit decision-making. We also believe the new shareholder structure will reduce risks of abrupt changes in financial policy and strategic direction (although this has not been the case in recent years). We understand from TWF's announcement that new shareholders intend to support Turkcell's existing dividend policy. We will discuss with management the company's dividend and financial policy after the transaction closes, but we don't

  
Brief Excerpt:

...June 19, 2020 MOSCOW (S&P Global Ratings) June 19, 2020--S&P Global Ratings today said that recently announced change in Turkcell's (##-/Stable/--) ownership structure is moderately positive for the company's governance. We believe that the transaction announced by new and former shareholders of Turkcell, including Turkish Wealth Fund (TWF) and Telia, will lead to a simplified ownership structure and will benefit decision-making. We also believe the new shareholder structure will reduce risks of abrupt changes in financial policy and strategic direction (although this has not been the case in recent years). We understand from TWF's announcement that new shareholders intend to support Turkcell's existing dividend policy. We will discuss with management the company's dividend and financial policy after the transaction closes, but we don't expect any change to these policies in the near term. The new shareholder structure assumes that TWF will become the new shareholder of Turkcell and will...

  
Report Type:

Bulletin

Ticker
TCELL@TI
Issuer
Turkcell Iletisim Hizmetleri A.S.
GICS
Wireless Telecommunication Services (50102010)
Sector
Global Issuers
Country
Turkey
Region
Latin America
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Bulletin: Change In Turkcell's Ownership Structure Is Moderately Positive For Governance" Jun 19, 2020. Alacra Store. May 15, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Change-In-Turkcell-s-Ownership-Structure-Is-Moderately-Positive-For-Governance-2465173>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: Change In Turkcell's Ownership Structure Is Moderately Positive For Governance Jun 19, 2020. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Change-In-Turkcell-s-Ownership-Structure-Is-Moderately-Positive-For-Governance-2465173>
  
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