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TWF has purchased the majority shares of Türk Telekom

31 March 2022
Per its mission to invest in strategic industries in Türkiye, the Türkiye Wealth Fund (TWF) had signed a Share Purchase Agreement (SPA) to acquire 55% shares of Türk Telekomünikasyon A.Ş. (Türk Telekom) from LYY Telekomünikasyon A.Ş. (LYY), as announced in the statement dated March 10th, 2022.

Following the fulfilment of the conditions and the regulatory clearances, the share transfer is completed as of March 31st, 2022, and TWF became the majority shareholder of Türk Telekom with a 61.68% stake.

With its firm commitment to public interest, TWF acts to contribute to the technological development and transformation in Türkiye while benefitting from the long-term opportunities the sector offers within the context of its investment in Türk Telekom, one of the leading telecommunication companies in Turkey. 

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