SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 or 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
Report on Form 6-K dated January 16, 2004
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TURKCELL ILETISIM HIZMETLERI A.S.
Turkcell Plaza
Mesrutiyet Caddesi No.153
34430 Tepebasi
Istanbul, Turkey
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(Address of Principal Executive Offices)
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Enclosure: Press release dated January 16, 2004: "TURKCELL Raises US$100
Million In Islamic Finance Syndicate."
[TURKCELL LOGO] [GRAPHIC OMITTED]
FOR IMMEDIATE RELEASE
TURKCELL RAISES US$100 MILLION IN ISLAMIC FINANCE SYNDICATE
Istanbul, Turkey: January 16, 2004--Turkcell (NYSE:TKC, ISE: TCELL), the leading
provider of mobile communications services in Turkey, has secured a syndicated
Murabaha facility of US$100 million from a consortium arranged by the Islamic
Development Bank and HSBC
The facility is to support the purchase of equipment required by Turkcell for
its continuing program of upgrading and maintaining the country's premier GSM
service.
This medium-term facility, with a tenure of 24 months, was initially launched as
a general syndication of US$75 million. The market support for the transaction
was very strong and over US$110 million was committed by the banks. This strong
response made it possible for the facility to be increased to a total of US$100
million. The Islamic Development Bank and HSBC Bank A.S. will each contribute
US$20 million to the syndication through independent financing facilities, which
are coordinated by an agreement providing one seamless facility..
The financial institutions involved in the syndication are:
Arrangers and Participants: Islamic Development Bank and HSBC Bank A.S.
Co-arranger: Dubai Islamic Bank
Lead Managers: Saudi Economic and Development Company
Faisal Islamic Bank of Egypt Islamic
Corporation for the Development of the
Private Sector
National Bank of Pakistan
The Arab Investment Company
Manager: Islamic Corporation for the Insurance of
Investment and Export Credit
Participant: Arab Islamic Bank
The Facility agreements were signed at Turkcell's headquarters in Istanbul on
January 16, 2004.
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Mr Muzaffer Akpinar, Chief Executive Officer of Turkcell, said: "This facility
is a sign of trust from the international finance industry and Islamic finance
in particular to the Turkish economy, as well as to Turkcell. Turkcell is
honored to be a recipient of such a diverse and high quality funding base. We
intend to continue to serve our customers and stakeholders globally to provide
technology that enables effective and reliable communications of all types."
Piraye Antika, HSBC Bank A.S Chief Executive, said: "The strength of Turkcell's
standing in the international financial markets and the quality of its
relationships with the international banking community are reflected by this
debut Murabaha facility. The quality of the investor group is testimony to
Turkcell's strong standing in the Gulf region. I also believe that it shows the
support that Turkey attracts from the Islamic finance community."
Nabil Nasief, Adviser, Asset Management Department of the Islamic Development
Bank, said: "This financing represents the IDB's continuing service to its
member countries on both public and private sector levels. The IDB has provided
over US$3.3 billion of Islamic financing in the period from January 1, 1976 to
March 3, 2003 to both public and private sector entities based in the Republic
of Turkey. This latest facility for Turkcell is especially important as it
brings together many Islamic financial institutions and the HSBC Group's
renowned Islamic Finance capabilities."
www.turkcell.com.tr
About Turkcell
Turkcell is the leading GSM operator in Turkey with approximately 18.2 million
postpaid and prepaid customers as of September 30, 2003. Turkcell had revenues
of US$ 1,839.4 million during the nine month period ended September 30, 2003.
Turkcell provides high-quality wireless telephone services throughout Turkey and
has coverage of 100% of the towns with more than 10,000 inhabitants. Turkcell
provides roaming with 352 operators in 141 countries as of September 30, 2003.
At the end of 1999, Turkcell became the first GSM operator in Turkey to be
awarded the prestigious ISO 9001 certificate for the quality of its service.
Turkcell is the only NYSE listed company in Turkey. Turkcell has interests in
international GSM operations in Azerbaijan, Georgia, Kazakhstan, Moldova and
Northern Cyprus, which have a total of 2.1 million subscribers as of September
30, 2003.
HSBC
HSBC Bank A.S. of Turkey is a member of the HSBC Group which, with over 9,500
offices in 79 countries and territories in Europe, the Asia-Pacific region, the
Americas, the Middle East and Africa and US$983 billion in assets as at 30 June
2003, is one of the world's largest banking and financial services
organizations.
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For further information please contact:
Contact:
Turkcell: Citigate Dewe Rogerson
Investors: Europe:
Koray Ozturkler, Investor Relations Kate Delahunty
Tel: +90 212 313 1500 Tel: +44-20/7282-2934
Email: koray.ozturkler@turkcell.com.tr Email: kate.delahunty@citigatedr.co.uk
Toby Moore
Murat Borekci, Investor Relations Tel:+44-20/7282-2999
Tel: + 90 212 313 1503 Email: toby.moore@citigatedr.co.uk
Email: murat.borekci@turkcell.com.tr or
investor.relations@turkcell.com.tr
United States:
Media: Victoria Hofstad/Jessica Wolpert
Nazli Candan, Corporate Communications Tel: +1-201-499-3500
Tel: + 90 212 313 2310 Email: victoria.hofstad@citigatefi.com
Email: nazli.candan@turkcell.com.tr jessica.wolpert@citigatefi.com
or
Bahar Erbengi, Corporate Communications
Tel: + 90-212/313-2309
Email: bahar.erbengi@turkcell.com.tr
HSBC:
Adrian Russell, HSBC Group Corporate Affairs, London
Tel: +44 (0) 20/7992 1555
Lacin Oncel, HSBC Bank A.S., Turkey
Tel: + 90 212 336 2467
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
Turkcell Iletisim Hizmetleri A.S. has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized.
TURKCELL ILETISIM HIZMETLERI A.S.
Date: January 16, 2004 By: /s/ MUZAFFER AKPINAR
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Name: Muzaffer Akpinar
Title: Chief Executive Officer