Summary Bullets:

• News of Turkcell’s $27 billion investment over its 30-year span will spur further development in the country’s technology infrastructure as the operator seeks to sell a quarter of its shares, possibly to a wealthy Gulf player.

• With this announcement, Turkcell is positioning itself strategically in Turkey as the go-to operator for enterprise solutions for government and large enterprises, and it is presenting itself as an indispensable partner for B2B services.

Turkish telecoms operator Turkcell disclosed it has invested $27 billion in communications and technology since its founding in 1994, of which $350 million have been allocated to data center technology. While this represents a meager 1.3% of the total investment, GlobalData expects the figure to ramp up significantly as the telecoms operator moves away from legacy products, services, and solutions to B2B and enterprise. GlobalData’s revenue forecast for Turkey’s data center and hosting market is growth from $551 million in 2023 to $729 million, representing a CAGR of 6.8%. The telecoms operator says its objective is to make the country a ‘global data hub.’ In order to maximize this opportunity, on July 11, 2024, Turkcell announced a new data subsidiary, TDC, which now operates as a standalone entity. Turkcell states it has evolved from a telecoms operator to an end-to-end technology provider.

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