Notification by Undersecretariat of Treasury to Avea İletişim Hizmetleri A.Ş. on Treasury Share Payments
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English
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Hayır (No)
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Hayır (No)
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Our wholly owned subsidiary Avea İletişim Hizmetleri A.Ş. ("Avea") received two different reports based on the audit held by Treasury Controllers Board for the years 2012 and 2013. According to the notification, Avea is alleged to have underpaid Treasury Share by TL 117,364,691.58 related to 2G services and TL 66,697,190.80 related to 3G services (for periods including 2009, 2010 and 2011 as well). In addition to the principal amounts, interest payment is also demanded to be calculated in accordance with the relevant regulations.
Majority of the requested payments is related to invoice discounts. On this subject, Avea was awarded an international arbitration decision in favour before ICC related to 2G services. Litigation proceedings against this award are ongoing before national courts. Our Company will decide on how to proceed against the requests, after examining the details of the reports.
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