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Related Party Transactions

Common and recurring asset, service and liability transfer transactions between TTNET A.Ş. and Türk Telekom in 01.01.2019 – 31.12.2019 financial year exceeded 10% of the reported sales revenue of Türk Telekom as stated under its 2019 year-end financial tables and are projected to exceed the same level also in 2020. These transactions are considered to be made in fair, reasonable and arm’s length prices when considered positive discrimination for operators excluding TTNET A.Ş. through current pricing regulations.

Apart from those there are no asset, service and liability transfer transactions exceeding the threshold with other related parties and such transactions are not expected to take place in 2020.

In addition, there are no non-recurring asset, service and liability transfers which reached or exceeded or are projected to reach or exceed 5% of the publicly announced sales revenue, total assets or average of the adjusted daily weighted average market capitalization for 6 months period prior to the related Board Resolution date, as defined by the Article 9 of the Communique. ​

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