SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 or 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
Report on Form 6-K dated October 10, 2003
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TURKCELL ILETISIM HIZMETLERI A.S.
Turkcell Plaza
Mesrutiyet Caddesi No.153
34430 Tepebasi
Istanbul, Turkey
____________________
(Address of Principal Executive Offices)
Indicate by check mark whether the registrant files or
will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F: |X| Form 40-F: |_|
Indicate by check mark if the registrant is submitting the
Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Yes: |_| No: |X|
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Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
Yes: |_| No: |X|
Indicate by check mark whether the registrant by furnishing the
information contained in this form is also thereby
furnishing the information to the Commission pursuant to
Rule 12g3-2(b) under the Securities Exchange Act of
1934.
Yes: |_| No: |X|
Enclosures: Press release dated October 10, 2003 -Turkcell Announces the
Decision of the ICC International Court of Arbitration
FOR IMMEDIATE RELEASE
TURKCELL ANNOUNCES THE DECISION OF THE ICC
INTERNATIONAL COURT OF ARBITRATION
Istanbul, Turkey, October 10, 2003 - Turkcell (NYSE:TKC, ISE:TCELL), today
announced the decision of the ICC International Court of Arbitration in the
arbitration that Turkcell initiated in October 2001 against the Ministry of
Transportation, the Telecommunications Authority and the Turkish Treasury to
determine whether Turkcell's interconnection revenues should be included in the
gross revenue base on which Turkcell's 15% Treasury Share paid to the Turkish
Treasury are calculated.
In March 2001 Turkcell ceased including its interconnection revenues in the
gross revenue for its Treasury Share payments to the Turkish Treasury. The
Turkish Treasury informed Turkcell that it believed that Turkcell was required
to include Turkcell's interconnection revenues in the gross revenue base. After
failing to reach an agreement on the matter with the related authorities,
Turkcell initiated an arbitration suit in the ICC International Court of
Arbitration in October 2001. Turkcell computed and paid the Treasury Share using
the gross revenue base excluding the interconnection revenues based on an
injunction received from the local court in November 2001. However, Turkcell
calculated and reported the disputed amount in its financial reports as a legal
reserve.
The ICC International Court of Arbitration completed its hearings and ordered
that the interconnection revenues should be included in the calculation of the
Treasury Share to the Turkish Treasury. The disputed amount totals US$400
million as of June 30, 2003. Turkcell will take the necessary legal action
against the ICC ruling.
www.turkcell.com.tr
About Turkcell
Turkcell is the leading GSM operator in Turkey with approximately 17.2 million
postpaid and prepaid customers as of June 30, 2003. Turkcell had revenues of US$
1,074.8 million during the six month period ended June 30, 2003. Turkcell
provides high-quality wireless telephone services throughout Turkey and has
coverage of 100% of the towns with more than 10,000 inhabitants. Turkcell
provides roaming with 352 operators in 141 countries as of September 30, 2003.
At the end of 1999, Turkcell became the first GSM operator in Turkey to be
awarded the prestigious ISO 9001 certificate for the quality of its service.
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Turkcell is the only NYSE listed company in Turkey. Turkcell has interests in
international GSM operations in Azerbaijan, Georgia, Kazakhstan, Moldova and
Northern Cyprus, which have a total of 1.9 million subscribers as of June 30,
2003.
For further information please contact:
Contact:
Turkcell Citigate Dewe Rogerson
Investors: Europe:
Koray Ozturkler, Investor Relations Kate Delahunty
Tel: +90-212/313-1500 Tel: +44-20/7282-2934
Email: koray.ozturkler@turkcell.com.tr Email: kate.delahunty@citigatedr.co.uk
or Toby Moore
Tel:+44-20/7282-2999
Mehmet Sezgin, Investor Relations Email: toby.moore@citigatedr.co.uk
Tel: + 90-212/313-1290 or
Email: mehmet.sezgin@turkcell.com.tr
investor.relations@turkcell.com.tr United States:
Victoria Hofstad/Jessica Wolpert
Media: Tel: +1-201-499-3500
Zuhal Seker, Corporate Communications Email: victoria.hofstad@citigatefi.com
Tel: + 90-212/313-2330 jessica.wolpert@citigatefi.com
Email: zuhal.seker@turkcell.com.tr
or
Bahar Erbengi, Corporate Communications
Tel: + 90-212/313-2309
Email: bahar.erbengi@turkcell.com.tr
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
Turkcell Iletisim Hizmetleri A.S. has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized.
TURKCELL ILETISIM HIZMETLERI A.S.
Date: October 10, 2003 By: /s/ MUZAFFER AKPINAR
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Name: Muzaffer Akpinar
Title: Chief Executive Officer