İŞ-TİMs new Global System for Mobile Communications is called the Aria, whose national area code in Turkey is 0555...
İŞ-TİM Board and Türkiye İş Bank General Manager Ersin Özince, expressed that they are highly proud and very excited to have participated in attracting the foreign investment for the tender to Turkey.
Özince stated that the payment for the transfer of the license would be made in two installments, the second and the final $2.025 billion due at the Tresury today, with the payment of the $344 million in value added taxes being deferred to March 25.
Özince stated that they pooled their own resources in addition to attaining loans form Turkish banks for one fourth of the amount for the license, while foreign resources accounted for the remaining three fourths of the total amount. Özince, while indicating that Arias infrastructure is almost complete, added, we can go into operations as soon as we attain the required permits following the Transportation Ministrys inspection.
Türkiye İş Bank GM Ersin Özince has been appointed as İŞ-TİM Chairman with Giuseppe Farina as the company General Manager.
The $355 trillion capital company shareholders can be broken down as:
TIM International (49%), Trakya Investments Holding (255), Türkiye İş Bank (14%), Efes Holding 6.25%), Türkiye Şişe Cam Inc. (5%), Anadolu Inc. Insurance (0.50%), and Anadolu Life Insurance (0.25%).
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