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Subsidiaries (Tables)

12 Months Ended

Dec. 31, 2022

Subsidiaries

Schedule of Subsidiaries, Associates and Joint Venture

The Group’s ultimate parent company is TVF, while subsidiaries, associates and a joint venture of the Company as at 31 December 2022 and 31 December 2021 are as follows:


						Effective Ownership Interest
Subsidiaries		Country of				31 December		31 December
Name		Incorporation		Business		2022 (%)		2021 (%)
Turktell		Turkiye		Information technology, value added GSM services and entertainment investments		100		100
Turkcell Superonline		Turkiye		Telecommunications, television services and content services		100		100
Turkcell Dijital		Turkiye		Digitalization services and products		100		100
Dijital Egitim (1)		Turkiye		Dijital educations		51		—
Turkcell Satis		Turkiye		Sales, delivery and digital sales services		100		100
Turkcell Teknoloji		Turkiye		Research and development		100		100
Turkcell Gayrimenkul		Turkiye		Property investments		100		100
Turkcell Enerji		Turkiye		Electricity energy trade and wholesale and retail electricity sales		100		100
Boyut Enerji		Turkiye		Electricity energy trade and wholesale and retail electricity sales		100		100
Turkcell Finansman		Turkiye		Consumer financing services		100		100
Turkcell Sigorta		Turkiye		Insurance agency activities		100		100
Turkcell Dijital Sigorta (2)		Turkiye		Dijital agency activities		100		—
Turkcell Odeme		Turkiye		Payment services and e-money license		100		100
Lifecell Dijital Servisler		Turkiye		Development and providing of digital services and products		100		100
Lifecell Bulut		Turkiye		Cloud solutions services		100		100
Lifecell TV		Turkiye		Online radio, television and on-demand streaming services		100		100
Lifecell Muzik		Turkiye		Radio, television and on-demand streaming services		100		100
Global Tower		Turkiye		Telecommunications infrastructure business		100		100
Atmosware Teknoloji		Turkiye		Develop software products and services, training software developers		100		100
UkrTower		Ukraine		Telecommunications infrastructure business		100		100
Beltower		Republic of Belarus		Telecommunications infrastructure business		100		100
Eastasia		Netherlands		Telecommunications investments		100		100
Kibris Telekom		Turkish Republic of Northern Cyprus		Telecommunications		100		100
Lifecell Digital		Turkish Republic of Northern Cyprus		Telecommunications		100		100
Turkcell Global Bilgi		Turkiye		Customer relations and human resources management		100		100
Global LLC		Ukraine		Customer relations management		100		100
Rehberlik		Turkiye		Directory assistance		100		100
Lifecell Ventures		Netherlands		Telecommunications investments		100		100
lifecell		Ukraine		Telecommunications		100		100
Paycell LLC		Ukraine		Consumer financing services		100		100
Paycell Europe (3)		Germany		Payment services and e-money		100		100
Yaani		Netherlands		Internet search engine and browser services		100		100
BiP B.V.		Netherlands		Providing digital services and products		100		100
BiP A.S.		Turkiye		Providing digital services and products		100		100
Beltel		Turkiye		Telecommunications investments		100		100
BeST (4)		Republic of Belarus		Telecommunications		100		80
Turkcell GSYF (5)		Turkiye		Venture capital investment fund		100		—
W3		Turkiye		Information technology		100		—
Lifetech		Republic of Belarus		Information technology, programming and technical support		100		80


						Effective Ownership Interest
Associates		Country of				31 December		31 December
Name		Incorporation		Business		2022 (%)		2021 (%)
TOGG		Turkiye		Electric passenger car development, production and trading activities		23		23

39. Subsidiaries (continued)


						Effective Ownership Interest
Joint Venture		Country of				31 December		31 December
Name		Incorporation		Business		2022 (%)		2021 (%)
Sofra		Turkiye		Meal coupons and cards		33		33

(1)

Dijital Egitim has been incorparated respectivelty with the shareholding percentage 51% and 49% by Turkcell Dijital which is fully owned by the Group and Sahinkaya Ozel Egitim Kurumları A.S. to offer education and communication solutions compatible with new generation technologies. Initial capital is TL 100 and registration and announcement of the respective company was completed on 11 March 2022.

(2)	Turkcell Dijital Sigorta, in which fully owned by Turkcell Finansman was established to offer insurance activitites based on digital and innovative technologies and registration and announcement of the respective Company was completed on 21 June 2022.

(3)	The title of Turkcell Europe GmbH which is fully owned by the Group has been changed to Paycell Europe GmbH.

(4)	Share Transfer transactions regarding the purchase of 20% of BeST’s shares owned by the Republic of Belarus were completed on 9 December 2022.

(5)

In accordance with business model of the Group, Turkcell GSYF has been established by on 28 March 2022 by RE-PIE Portföy Yönetimi A.S.(“RE-PIE) to invest in initiatives that create synergies with the Group’s strategic focus areas and also Turkcell contributes. Turkcell GSYF has been included to the consolidated financial statements as of 30 September 2022 in accordance with the “IFRS 10 Consolidated Financial Statements”.