Material Event Disclosure (General)

Publish Date:05.06.2017 20:16:01
Disclosure Type:ODA


Update regarding the Notification by Undersecretariat of Treasury to Avea İletişim Hizmetleri A.Ş. on Treasury Share Payments

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Material Event Disclosure General
Update Notification Flag
Evet (Yes)
Correction Notification Flag
Hayır (No)
Date Of The Previous Notification About The Same Subject
Postponed Notification Flag
Hayır (No)
Announcement Content

Via our Company's 01.02.2017 dated regulatory disclosure, we informed that our wholly owned subsidiary Avea İletişim Hizmetleri A.Ş. ("Avea") received two different reports from Treasury Controllers Board alleging an underpayment of its Treasury Share regarding 2G and 3G services.

Litigation proceedings regarding international arbitration decision in favour of Avea before ICC related to 2G services are ongoing before national courts. 

The lawsuit regarding the year 2009 in relation to previous treasury reports on 3G services was concluded in favour of Avea in the council of state. The lawsuits on this subject in relation to other years have not been concluded yet.

In this context, legal procedures for the two reports announced via the public disclosure dated 01.02.2017 are also still in progress.

This public disclosure is made by our Company under article 23 paragraph 7 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.