Turkcell's board of directors had approved an initial public offering of shares in Kule Hizmet ve Isletmecilik (Global Tower). Turkcell owns 100 percent of the company, started in 2006 and operator of telecom and broadcasting towers throughout Turkey. Global Tower claims to be the third-largest towers and infrastructure operator in Europe. Turkcell said it will amend the existing articles of association of Global Tower and start the regulatory procedures for listing the company. Further details of the IPO were not disclosed.
Source: http://www.telecompaper.com/news/turkcell-plans-ipo-of-global-tower--1141396
