Quick Facts

Countries:
Where the impacts of the investment may be experienced.
  • Turkey
Banks:
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • European Bank for Reconstruction and Development (EBRD)
Status: Pending
Bank Risk Rating: B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Board Decision Date: 2016-01-13
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower or Client: MTCTR MEMOREX TELEKOMUNIKASYON SANAYI VE TICARET AS
The holder of the loan, grant, or other investment.
Sectors:
The service or industry focus of the investment. A project can have several sectors.
  • Communications
Investment Amount (USD): $ 48.70 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.

Currency conversion note:
Bank reported EUR 44,740,727.00
Converted using 2016-10-06 exchange rate.

Share This Page

 

Contact Us

Do you have more information on
this project, or want to get involved?
Contact EWS

Primary Source

Original disclosure @ EBRD website
Updated in EWS: 2017-05-01
Disclosure Date: 2016-10-06
Turk Telekom International
EBRD-47926

Project Description
The EBRD is providing a loan of up to USD 50 million to MTCTR Memorex Telekomunikasyon Sanayi ve Ticaret Ltd. Sti., a group company of Turk Telekom, the leading communication and convergence technology group in Turkey offering its customers the complete range of fixed voice, mobile, data, and internet services as well as innovative convergence technologies. The financing will be used to support the investment in submarine cable project as part of the Sea-Me-We-5 consortium.
Investment Description
Turk Telekom is the incumbent operator and leading communication and convergence technology group in Turkey. Turk Telekom and its subsidiaries provide integrated telecoms services from fixed and mobile voice to broadband internet. MTCTR Memorex Telekomunikasyon Sanayi ve Ticaret Ltd. St is a company part of Turk Telekom International group of companies.
Contact Information
Turk Telekom Investor Relations Email: investorrelations@turktelekom.com.tr Telephone: +90 212 309 9630 +90 212 352 9610 Website: http://www.ttinvestorrelations.com/contact/ Yildiz Posta Cad. Vefa Bayiri Sok. Besiktas/Istanbul TURKEY ACCOUNTABILITY MECHANISM OF EBRD The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent. You can contact the PCM at pcm@ebrd.com or you can submit a complaint online using an online form, http://www.ebrd.com/eform/pcm/complaint_form?language=en. You can learn more about the PCM and how to file a complaint at http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html.