Related Companies
|
[]
|
||||||||
Related Funds
|
[]
|
||||||||
English
|
|||||||||
|
|||||||||
oda_NotificationAboutNewsOrRumoursAbstract|
|
|
||||||||
oda_UpdateAnnouncementFlag|
|
|
Hayır (No)
|
|||||||
oda_CorrectionAnnouncementFlag|
|
|
Hayır (No)
|
|||||||
oda_DateOfThePreviousNotificationAboutTheSameSubject|
|
|
-
|
|||||||
oda_DelayedAnnouncementFlag|
|
|
Hayır (No)
|
|||||||
oda_AnnouncementContentSection|
|
|
||||||||
oda_ExplanationSection|
|
|
||||||||
oda_ExplanationTextBlock|
|
Türk Telekomünkasyon A.Ş. General Manager/CEO Dr. Paul (Boulos H.B) Doany met with some journalists during the 14th 5G World Summit in London, and while addressing the questions, he touched upon the latest developments within the company. This disclosure is made to clarify the public on the developments regarding our main shareholder Ojer Telekomünikasyon A.Ş. (OTAŞ) which was mentioned during this interview and the news in some media channels.
As stated by our company via the public disclosure dated 28 May 2013, OTAŞ signed loan agreements with certain financial institutions in order to refinance and extend the terms of its debts. OTAŞ used Türk Telekomünikasyon A.Ş. shares it owned as collateral of the aforementioned loan and pledged the shares under the condition that all share rights remain with OTAŞ.
As our company is not a party to this debt in question, no official information regarding OTAS's debt or the meetings that took place between OTAS and the banks have been divulged to us. According to information we receive from media, OTAS has failed to meet the financial obligations regarding this debt and certain processes may be applied as per the agreement OTAS has with the banks.
As we have previously stated via our company's 22 May 2018 dated public disclosure, an official statement has not been made to our company regarding the outcome of the process and/or plan. During the meeting with journalists, our CEO Dr. Paul Doany gave general information regarding possibilities taking into account practices in similar situations around the world. According to the press reports, the banks are currently executing their processes in frame with the credit agreement they have with OTAS and no information regarding the leadtime (maturity) of this process has officially reached us. It has been observed that the maturity terms regarding the process mentioned in the interview has been misinterpreted by certain circles. The maturities discussed have been used to describe the exit periods of investments carried out by special purpose companies around the world; not for describing the process of the credit restructuring that the banks are in talks with OTAS. In the event of an official notification to our Company on this matter, the public will be promptly informed within the scope of the related legislation.
This public disclosure is made by our Company under article 9 of CMB's Material Events Communiqué numbered II-15.1, and relevant legislations.
|
We proclaim that our above disclosure is in conformity with the principles set down in “Material Events Communiqué” of Capital Markets Board, and it fully reflects all information coming to our knowledge on the subject matter thereof, and it is in conformity with our books, records and documents, and all reasonable efforts have been shown by our Company in order to obtain all information fully and accurately about the subject matter thereof, and we’re personally liable for the disclosures.