Economy

Turkey's Lifecell investments reach $2B in Ukraine

Operator is primary investor in Ukraine, Turkcell chairman says

26.05.2018
Turkey's Lifecell investments reach $2B in Ukraine Turkcell Board Chairman Ahmet Akca

Ankara

By Gokhan Ergocun

ANKARA

Turkcell Board Chairman Ahmet Akca has been elected to the National Investment Council of Ukraine -- a country where Lifecell is one of the most important investors.

Lifecell -- Turkcell’s company in Ukraine -- provides 3G and 4.5G network technologies in the country where its investment has reached nearly $2 billion, according to a press release by Turkcell.

Speaking at the council, Akca said: "Lifecell is the primary investor in Ukraine with $2 billion investment, of which $700 million was made after 2014."

Meanwhile, Lifecell's central office was moved to the country's modern business center -- the Eleven Business Center, the press release said.

Kaan Terzioglu, Turkcell's CEO, said: "We are focused on strengthening our position in countries where we are active in being a regional power."

Turkcell spearheaded GSM-based mobile communication in Turkey when it started operations in 1994.

Since then, it has continuously expanded its services based on mobile, audio and data communication.

Anadolu Agency website contains only a portion of the news stories offered to subscribers in the AA News Broadcasting System (HAS), and in summarized form. Please contact us for subscription options.