Colin Williams News
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Management of Turkcell Iletisim Hizmetleri AS, Turkey’s biggest mobile operator, may propose a plan to pay dividends from 2012 profit after a shareholder dispute blocked payments for the previous two years.
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Turkcell Iletisim Hizmetleri AS, Turkey’s biggest mobile phone operator, said its fourth-quarter profit rose 38 percent from a year earlier as revenue from units and mobile data services increased.
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TeliaSonera AB and Altimo said they want to oust Chairman Colin Williams from the board of Turkcell Iletisim Hizmetleri AS , Turkey’s biggest mobile-phone operator, at next week’s shareholders meeting, arguing he’s hampering the company’s growth by favoring its founding shareholder.
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Turkcell Iletisim Hizmeteleri AS Chairman Colin Williams said shareholder TeliaSonera AB’s position on possible board changes at Turkey’s biggest mobile- phone operator is “baseless.”
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Turkcell Iletisim Hizmetleri AS, Turkey’s biggest mobile phone company, dropped after shareholders didn’t vote on a dividend from 2010 profit and an attempt by TeliaSonera SA to replace one or more board members was blocked on government objections.
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Turkcell Iletisim Hizmetleri AS’s main investors will ask for a deadline extension to elect independent board members to Turkey’s biggest mobile operator after it failed to convene a shareholders’ meeting.
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TeliaSonera AB may succeed in ousting Colin Williams, chairman of Turkcell Iletisim Hizmetleri AS, should it win a vote with partner Altimo on electing the head of a three-man panel to run a shareholders’ meeting today, Radikal said.
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TeliaSonera AB will press for the replacement of Turkcell Iletisim Hizmetleri AS Chairman Colin Williams at a meeting of the unit’s shareholders today, said Cecilia Edstroem, spokeswoman for TeliaSonera.
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Altimo, the indirect owner of 13.2 percent of Turkcell Iletisim Hizmetleri AS, Turkey’s biggest mobile-phone operator, said it may seize another 13.7 percent if Cukurova Holding AS fails to pay $1.45 billion in debt by early March.
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Turkcell Iletisim Hizmetleri AS, Turkey’s biggest mobile-phone operator, will hold an annual shareholders’ meeting on June 29 after a call by the company’s statutory auditors as the shareholders say disputes still remain.
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