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English
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Our group company, TT Mobil İletişim Hizmetleri A.Ş. (TT Mobil) has requested an extension to the GSM Concession Agreement signed with the Information and Communication Technologies Authority (BTK). In accordance with the 'Procedures and Principles Regarding the Determination of Conditions for the Extension of GSM Licence Agreements and GSM 1800 Licence Agreements', the BTK has notified our company of an extension fee of 67.2 million euros, excluding VAT.
The down payment of EUR 33.6 million and EUR 13.4 million VAT, has been paid today. The remaining amount will be paid in two equal instalments as 17.4 million Euro (on 24 September 2026 and 24 September 2027).
Accordingly, the GSM licence agreement will be extended until 30 April 2029, and TT Mobil will continue to use the 900 MHz and 1800 MHz frequency bands that had been allocated to the company.
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