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Karamehmet, has a 13.8% stake and Russia's Alfa Group, owned by Russian tycoon Mikhail Fridman, has 13.2%.
Turkish President Recep Tayyip Erdogan is also present on the board of Turkcell, along with two independent members appointed to solve a deadlock among shareholders.
● Turk Telekom
In January, Turk Telekom received the SPK approval to issue up to TRY1bn worth of domestic bonds.
65​ TURKEY Country Report​ March 2020 ​ ​www.intellinews.com