Transfer of Türk Telekom to Wealth Fund is completed


The transfer of Türk Telekom shares from creditor banks to Turkey Wealth Fund was completed as of 31 March.

With the transfer of 55 percent of LYY Telekomünikasyon A.Ş., which was formed jointly by banks, to Turkey Wealth Fund, the fund became the largest shareholder of Türk Telekom with 61.68 percent.

At the Türk Telekom General Assembly, it was also accepted to distribute 4.95 billion TL in cash dividends.

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