Turkcell Iletisim ( (TKC) ) has provided an announcement.
On March 25, 2025, Turkcell’s Board of Directors announced an increase in the maximum fund amount allocated for the buyback of the company’s shares, ADRs, and bonds from TRY 1,250,000,000 to TRY 2,250,000,000. This strategic move is aimed at enhancing shareholder value and reflects the company’s commitment to optimizing its capital structure, potentially impacting its market positioning and investor confidence.
More about Turkcell Iletisim
Turkcell Iletisim Hizmetleri A.S. is a prominent telecommunications company based in Istanbul, Turkey. It is known for providing a range of communication services, including mobile and fixed voice, broadband, and other digital services. The company is publicly traded on Borsa Istanbul and also has American Depository Receipts (ADRs) listed on the New York Stock Exchange, indicating its international market presence.
YTD Price Performance: -7.04%
Average Trading Volume: 550,644
Technical Sentiment Signal: Sell
Current Market Cap: $5.14B
Learn more about TKC stock on TipRanks’ Stock Analysis page.