ISTANBUL, December 16, 2010 /PRNewswire-FirstCall/ -- Turkcell (NYSE: TKC, ISE: TCELL), the leading communications and technology company in Turkey, announced today that a consortium of seven operators including Turkcell's 100% subsidiary, Superonline, together with Etisalat (UAE), Mobily (Saudi Arabia), Jordan Telecom, Mada-Zain Consortium (Jordan), and Syria Telecommunications Establishment (Syria) have signed an agreement which will initiate the Regional Cable Network ("RCN") Project.
Starting from Fujairah (United Arab Emirates) and passing through Riyadh (Saudi Arabia), Amman (Jordan), Tartous (Syria) and reaching Istanbul (Turkey), the RCN Project's fiber optic cable line is expected to cover the entire Gulf region in the Middle East for the first time and be operational as of the second half of 2011. Totaling 7,750 km with its round-trip routes, the RCN Project is expected to become the region's longest terrestrial fiber infrastructure between Fujairah, one of the busiest nodes for submarine fiber cables, and the West.
The RCN project offers the region an alternative internet infrastructure with a high-capacity, far more economical structure (compared to the submarine systems) which is diversified into two separate routes. This infrastructure, which will cross five countries and intersect in five cities has the ability to provide capacity of 12.8 Terabits per second.
The RCN project is designed to reach Europe through more than 15 access points readily available on the Bulgarian border and to initially activate 2.4 Terabit per second capacity along the two different routes which the fiber optic cables will follow.
Turkcell's CEO, Sureyya Ciliv, said: "This substantial infrastructure project, which will greatly benefit the region and connect the Middle East to the world through Turkey, is planned to position Istanbul as the world's newest Internet base. Through this highway between Fujairah and Istanbul we are aiming for faster and easier Internet traffic, widening Internet expansion and to bring new opportunities to people across the region. We are proud to collaborate on such an important project for Istanbul, for Turkey and for the region, changing lives by offering users an enhanced communications experience."
Turkcell is the leading communications and technology company in Turkey with 33.9 million postpaid and prepaid customers and a market share of approximately 55% as of September 30, 2010 (Source: Our estimations, operator's and the Telecommunication Authority's announcements). Turkcell provides high quality data and voice services to approximately 80% of the Turkish population through its 3G technology supported network and to 99.07% of the Turkish population through its 2G technology supported network. Turkcell reported TRY2.3 billion ($1.5 billion) net revenue for the period ended September 30, 2010 and its total assets reached TRY14.5 billion ($10.0 billion) as of September 30, 2010. Turkcell has become one of the first operators among the global operators to have implemented HSDPA+ and to reach to 42.2 Mbps speed with HSPA multi carrier solution. Turkcell is a leading regional player and has interests in international mobile operations in Azerbaijan, Belarus, Georgia, Kazakhstan, Moldova, Northern Cyprus and Ukraine which, together with its Turkish operations, had approximately 60.4 million subscribers as of September 30, 2010. Turkcell has been listed on the NYSE and the ISE since July 2000 and is the only NYSE-listed company in Turkey and is among the top 15% of companies listed on NYSE by its size as of October 2010. 51.00% of Turkcell's share capital is held by Turkcell Holding, 0.05% by Cukurova Holding, 13.07% by Sonera Holding, 2.32% by M.V. Group and 0.01% by others while the remaining 33.55% is free float. Read more at http://www.turkcell.com.tr/en
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