Turkcell Falls After Dividend Not Approved, Spat Over Board
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Turkcell Iletisim Hizmetleri AS, Turkey’s biggest mobile phone company, dropped after shareholders didn’t vote on a dividend from 2010 profit and an attempt by TeliaSonera SA to replace one or more board members was blocked on government objections.
Turkcell declined as much as 2.3 percent to 8.40 liras. It fell 0.5 percent to 8.56 liras at 4:30 p.m. The share rose 4.6 percent yesterday, partly on expectation the dividend would be approved.