UNITED STATES SECURITIES AND EXCHANGE COMMISSION
 
Washington, D.C. 20549
 
FORM 6-K
 
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
 
Report on Form 6-K dated January 27, 2011
 
Commission File Number: 001-15092
 

 
TURKCELL ILETISIM HIZMETLERI A.S.
(Translation of registrant’s name in English)

Turkcell Plaza
Mesrutiyet Caddesi No. 153
34430 Tepebasi
Istanbul, Turkey

(Address of Principal Executive Offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
 
Form 20-F x                                           Form 40-F o
 
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
 
Yes o                      No x
 
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
 
Yes o                      No x
 
Indicate by check mark whether the registrant by furnishing the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
 
Yes o                      No x
 
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- __________
 
Enclosure:   A press release dated January 26, 2011 indicating that Standard & Poor’s has announced Turkcell’s long-term credit rating outlook as positive from stable and has affirmed Turkcell’s foreign currency and local currency ratings, both of which are  ”BB+”.
 
 
 


 
 
 
 
 
 
 
January 26, 2011
 
 
S&P ANNOUNCES TURKCELL’S LONG-TERM CREDIT RATING OUTLOOK AS POSITIVE FROM STABLE

Subject: Statement made pursuant to Circular VIII, No: 54 of the Capital Markets Board.
 
 
Istanbul Stock Exchange

ISTANBUL
 

 
Special Subjects:

International Credit Rating Agency Standard & Poor’s (“S&P”) has announced Turkcell’s long-term credit rating outlook as positive from stable and has affirmed Turkcell’s foreign currency and local currency ratings, both of which are  ”BB+”.  With this rating evaluation, Turkcell continues to be the highest rated company by S&P in Turkey.

The revision primarily reflects Turkcell’s improving profitability and the increasing profitability of Turkcell subsidiaries, particularly Superonline in Turkey and Astelit in Ukraine, as well as the Company’s improving cash generation ability.
 

 
 
TURKCELL ILETISIM HIZMETLERI A.S.
 

 

For further information please e-mail to investor.relations@turkcell.com.tr
 
or call Turkcell Investor Relations (+ 90 212 313 1888)
 
 
 
 
1

 
 
SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, Turkcell Iletisim Hizmetleri A.S. has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 
 
 
  TURKCELL ILETISIM HIZMETLERI A.S.  
     
         
Date:  January 27, 2011
By:
/s/  Koray Öztürkler  
  Name:  Koray Öztürkler  
  Title: 
Chief Corporate Affairs Officer
 
 
 
 
  TURKCELL ILETISIM HIZMETLERI A.S.  
     
         
Date:  January 27, 2011
By:
/s/ Nihat Narin  
  Name:  Nihat Narin  
  Title: 
Investor & Int. Media Relations  Division Head