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English
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oda_MaterialEventDisclosureGeneralAbstract|
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Evet (Yes)
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Hayır (No)
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03.01.2023
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Hayır (No)
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The existing concession agreement between Türk Telekomünikasyon A.Ş. (Türk Telekom) and the Information and Communication Technologies Authority (ICTA) for the provision of telecommunication services is set to expire on February 28, 2026.
The negotiations held between ICTA and our Company regarding the subject have concluded with the amendment and extension of the Concession Agreement to provide electronic communication services until February 28, 2050.
The Concession Agreement covers the provision, operation and development of fixed electronic communications infrastructure in Türkiye, the provision and marketing of all kinds of wholesale and/or retail telecom services over these infrastructures and networks, and in addition to these, the development and provision of cyber security services and digital products, the development of new infrastructures in line with technological developments and the provision of related telecom services and the likes.
According to the agreement, Türk Telekom will pay ICTA USD 2.5 billion + VAT (USD 3 billion including VAT) concession fee over a period of 10 years, starting in 2026.
The payment schedule for the concession fee is as follows:
- $500 million each in 2026 and 2027
- $200 million annually during the 2028-2034 period
- $100 million in 2035
All payments are due on the last business day of the relevant year.
In addition, under the Concession Agreement, our Company commits implementing a US$17 billion of investment plan through 2050 in alignment with our long-term strategic goals and financial stability. The investment plan encompasses not only fixed services investments but also innovative technology investments with high growth potential.
We strongly believe that the Agreement will strengthen our leadership in fixed infrastructure investments and fixed telecom services in Türkiye, and contribute significantly to our long-term value creation potential.
More detailed investor presentation will be available on www.ttinvestorrelations.com on August 28, 2025.
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