Information and Communication Technologies Authority (ICTA) has announced their decision to extend Turkcell’s GSM (2G) license agreement until April 30, 2029. This extension includes the usage rights of frequencies allocated to Turkcell in the 900 MHz band.
Turkcell has paid an initial amount of €81.6 million (equivalent to 1.7 billion Lira) towards the extension fee, with the remaining amount to be paid in two equal installments of €31.1 million within the next two years (on April 30, 2024, and April 30, 2025, respectively). The extension fee has been determined as €120 million plus €21.6 million VAT.
Following the payment, it is predicted that the legal approval processes will be completed and amendment contracts for the extension of the GSM license agreement will be signed. Further developments regarding this matter will be disclosed to the public in the upcoming period.
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