The company will look at the level of foreign investor interest in the planned initial public offerings (IPOs) of its fixed-line internet provider Superonline.
Turkcell, a mobile operator in Turkey, has announced that it aims to ramp up investment this year as it plans for a new data centre and infrastructure for 5G services.
CEO Ali Taha Koç said, “The company has planned that an amount equal to about 23% of its revenue this year will be targeted at the investments, mainly in a data centre, a 300-megawatt (MW) solar power plant (for completion by 2026), and 5G network preparation.”
“The company will look at the level of foreign investor interest in the planned initial public offerings (IPOs) of its fixed-line internet provider Superonline, network tower operator Global Tower, or payment services company Paycell. However, it does not seem that Turkcell feels the time is right to go ahead with the IPOs just yet,” Koç added.
