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 September 3, 2004
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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|
Indicate by check mark if the registrant is submitting the 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: Release dated September 3, 2004: TURKCELL PLANS TO RAISE LEGAL
PROVISIONS DUE TO SETTLEMENT DISCUSSIONS
[GRAPHIC OMITTED]
FOR IMMEDIATE RELEASE
TURKCELL PLANS TO RAISE LEGAL PROVISIONS DUE TO SETTLEMENT DISCUSSIONS
Istanbul, Turkey, September 3, 2004 - Turkcell (NYSE: TKC, ISE: TCELL), the
leading provider of mobile communications in Turkey, announced today that based
on the settlement discussions, it will revise its legal provisions.
Subsequent to March 31, 2004, Turkcell has engaged in discussions relating to
the settlement of certain legal disputes which include the following disputes:
the disputes on the additional ongoing license fee on value added services and
other charges; the dispute on additional ongoing license fee on special
transaction tax and stamp duty; the dispute on additional ongoing license fee on
interconnection revenues; the dispute on Turk Telekom interconnection fee; and
the dispute on Turk Telekom infrastructure. Since these discussions are ongoing,
Turkcell's management believes it is too early to estimate the outcome of these
disputes. Based on these ongoing discussions Turkcell believes that the amounts
required to resolve these disputes may be higher than its net legal provisions
as of March 31, 2004 of US$1,278 million by as much as US$250 million to US$350
million.
The decree setting out the rules and procedures regarding the settlement
discussions has been approved by the President Sezer and the settlement
discussion will continue in line with the decree.
www.turkcell.com.tr
About Turkcell
Turkcell is the leading GSM operator in Turkey with 20.9 million postpaid and
prepaid customers. 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 403 operators in 167 countries as of
May 30, 2004. 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 2.7 million subscribers as of
March 31, 2004.
For further information please contact:
1
Contact:
Citigate Dewe Rogerson
Turkcell: Europe:
Investors: Kate Delahunty
Koray Ozturkler, Investor Relations Tel: +44-20/7282-2934
Tel: +90 212 313 1500 Email: kate.delahunty@citigatedr.co.uk
Email: koray.ozturkler@turkcell.com.tr or
United States:
Murat Borekci, Investor Relations Victoria Hofstad/Jessica Wolpert
Tel: + 90 212 313 1503 Tel: +1-201-499-3500
Email: murat.borekci@turkcell.com.tr Email: victoria.hofstad@citigatefi.com
investor.relations@turkcell.com.tr jessica.wolpert@citigatefi.com
Media:
Nazli Candan, Corporate Communications
Tel: + 90 212 313 2310
Email: nazli.candan@turkcell.com.tr
or
Bahar Erbengi, Corporate Communications
Tel: + 90-212/313-2309
Email: bahar.erbengi@turkcell.com.tr
2
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: September 3, 2004 By: /s/ MUZAFFER AKPINAR
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Name: Muzaffer Akpinar
Title: Chief Executive Officer