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| Name | Symbol | Market | Type |
|---|---|---|---|
| Turkcell lletism Hizmetleri AS | NYSE:TKC | NYSE | Depository Receipt |
| Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.05 | 0.79% | 6.34 | 656 | 12:16:57 |
From May 2019 to May 2024
By Yeliz Candemir
ISTANBUL--Turkish mobile telephone operator Turkcell Iletisim Hizmetleri AS (TCELL.IS) said Thursday that tax authorities had imposed a 527.7 million Turkish lira ($245 million) tax demand and fine because of a special communication tax for the 2008-2012 period.
In a statement to the Istanbul stock exchange, the company said it will appeal the tax demand and fine. All types of installation, transfer and telecommunication services provided by mobile phone operators are subject to a special communication tax.
At 1330 GMT, Turkcell shares were trading 3.6% lower at TRY10.94 amid an overall lower Istanbul market, which was down 2.26%.
Write to Yeliz Candemir at yeliz.candemir@dowjones.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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