Via our Company's regulatory disclosure dated 01.02.2017 , we have announced that, our wholly owned subsidiary Avea İletişim Hizmetleri A.Ş. ("Avea") had received two separate reports from Treasury Controllers Board alleging an underpayment of Treasury Share regarding 2G and 3G services. In addition, via our regulatory disclosure dated 23.06.2017, we have also announced that, Information and Communication Technologies Authority (ICTA) had imposed a penalty regarding this issue.
At the lawsuit regarding the treasury share claims on 3G services, the Council of State has issued a stay of execution for the 96% of the litigated amount. Avea has requested cancellation of the imposed penalty related to 3G services in the light of the stay of execution decision on the principal amount.
At the same time, with respect to the notification and penalty related to 2G services, interim injunction order has been issued.
Lawsuits, arbitration and official appeals related to other periods are still in progress.
This public disclosure is made by our Company under article 23 paragraph 7 of CMB's Material Events Communiqué numbered II-15.1, and relevant legislations.