Turkcell adds 1.22 million shares to its buyback in two more sessions

Turkcell bought 1,196,377 of its own shares on 27 October and 20,110 more on 28 October, the operator said in two filings with the US Securities and Exchange Commission. The purchases follow the restart of its buyback on 23 October.

On 27 October the shares cost an average of TL 90.50, for a total of TL 108,273,261, equal to 0.054 per cent of capital, the Form 6-K for that day shows. The filing for 28 October gives 20,110 shares at an average of TL 91.10, for TL 1,832,021, or 0.0009 per cent of capital. Both are Group B shares, and both filings repeat the stated aim of protecting stakeholders' interests and supporting healthy price formation.

The table in the second filing lists every purchase under the programme so far: 2,093,944 shares on 12 November 2025, 3,201,696 on 23 October, and the two new tranches. That makes 6,512,127 shares for about TL 588.0 million, or 6.9 per cent of the TL 8.5 billion fund the programme allows, on Backhaul's arithmetic. The shares equal about 0.30 per cent of Turkcell's TL 2.2 billion issued capital, against the 10 per cent ceiling set in the programme the board put to shareholders in March 2025. The table shows no purchase on 26 October.

The pace has changed. Our 29 October piece reported that the 23 October tranche was the first in more than 11 months. Three sessions in the four trading days from 23 October have now added 4,418,183 shares, about twice the November 2025 purchase. The average price has risen from TL 86.75 on 23 October to TL 91.10 on 28 October.

The filings give no plan for further purchases and no reason for the timing. Turkcell's main domestic rival has also been buying since September, under the TL 2.5 billion programme Türk Telekom started in September. Turkcell reports its third-quarter results on 9 November after Borsa Istanbul trading hours, according to its calendar announcement; the October purchases fall in the fourth quarter.