November 18, 2017 11:00 AM ET

Wireless Telecommunication Services

Company Overview of Avea Iletisim Hizmetleri A.S.

Company Overview

Avea Iletisim Hizmetleri A.S. is a GSM mobile communications company in Turkey. It focuses on consumer, corporate, and wholesale services. The company was formerly known as TT&TIM Iletisim Hizmetleri A.S. and changed its name to Avea Iletisim Hizmetleri A.S. in October 2004. The company was founded in 2004 and is based in Istanbul, Turkey. As of September 18, 2006, Avea Iletisim Hizmetleri A.S. operates as a subsidiary of Türk Telekomünikasyon A.S.

Abdi Ipekci Cad. No 75


Istanbul,  34367


Founded in 2004

1,859 Employees


90 212 460 15 00


90 216 460 68 02

Key Executives for Avea Iletisim Hizmetleri A.S.

Chief Executive Officer
Chief Financial Officer
Chief Regulatory Officer
Chief Sales Officer
Chief Strategy Officer
Compensation as of Fiscal Year 2017.

Avea Iletisim Hizmetleri A.S. Key Developments

Turkcell, Vodafone Turkey and Avea Face Competition Probe over SMS Contracts

Turkcell, Vodafone Turkey and Avea are facing a competition investigation for allegedly restricting access to the market for mass SMS distribution. The competition regulator said the three are suspected of bidding below the SMS termination fee for certain contracts, making it difficult for competitors to access the market. Any sanctions will depend on the outcome of the regulatory investigation.

Avea Iletisim Hizmetleri A.S. Signs EUR 90 Million a Long-Term Loan Agreement with BNP Paribas, Raiffeissen, and Unicredit

Avea Iletisim Hizmetleri A.S. signed a long-term loan agreement with BNP Paribas, Raiffeissen, and Unicredit under the insurance coverage of Finnvera (Finnish export credit agency) and under Turk Telekom guarantee. The purpose of the loan is to finance LTE related investments. The amount of the facility is EUR 90 million, maturity is 9 years and interest rate is EURIBOR plus 0.38% per annum.

Recent Private Companies Transactions

No transactions available in the past 12 months.

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