May 23, 2025 | Posted by Abdul-Rahman Oladimeji
Turkish telco Turkcell this week announced that its subsidiary, TDC Veri Hizmetleri (TDC), has secured €100 million ($112.5m) in murabaha financing through a strategic agreement with Emirates NBD Bank.
The five-year financing agreement will be used towards Turkcell Group’s data center investments via TDC, accelerate its digital infrastructure initiatives, and align with its long-term strategic growth objectives. Details on any planned build-out weren’t shared.
“The financing secured with Emirates NBD is a testament to the confidence that global financial institutions have in Turkcell,” said Kamil Kalyon, Turkcell CFO. “It further affirms that our strategic commitment to driving future growth and delivering value to our investors is steering us in the right direction. We are proud to attract international investment into our data center operations. And we believe these investments will pave the way for more strategic partnerships and future investments, unlocking new opportunities for growth and collaboration in the digital landscape.”
