Turkcell’s TDC Secures €100M Gulf Financing to Boost Data Center Expansion

TDC Data Services, which carries out the data center investments of Turkcell,  Turkey’s leading technology and communication company, has secured 100 million euros of murabaha financing from the Gulf Region with the agreement signed with Emirates NBD Bank.  The financing received by TDC Data Services with a maturity of 5 years will be used for data center investments.

TDC Data Services, a subsidiary of Turkcell, has taken an important step to expand its data center investments and consolidate its leadership in the market. TDC Data Services has signed an agreement with Emirates NBD Bank to provide €100 million in murabaha financing from the Gulf Region. With this financing with a maturity of 5 years, TDC will accelerate its digital infrastructure investments in the field of data centers and continue to take firm steps towards its long-term growth targets.The murabaha structure, which is based on the principles of interest-free financing, draws attention with its potential to pave the way for new collaborations in the Gulf Region, as well as playing an important role in the diversification of TDC’s financing sources.”This financing is a concrete indicator of the trust that global financial institutions have in Turkcell”

“The murabaha financing we have realized with Emirates NBD, one of the leading financial institutions in the Gulf Region, is a concrete indicator of the trust that global investors have in Turkey and Turkcell. This strategic cooperation will contribute to Turkey’s digital transformation process by accelerating our data center investments, and will also accelerate our goal of making our country a regional data base. We believe that this step we have taken will support the development of data centers, which is one of the most strategic areas of the future in Turkey, and we continue to contribute to our country’s technology vision by reinforcing our leadership in this field.”

– Kamil Kalyon, Executive Vice President, Finance at Turkcell.

“Emirates NBD’s €100 million murabaha financing agreement with Turkcell is part of our long-term strategy to support growth-oriented companies investing in digital transformation. While this agreement reflects our trust in Turkcell, we are proud to support Turkcell’s data center investments. Our collaboration reinforces Turkcell’s position as a leader in the telecom sector and reinforces Emirates NBD’s role as a trusted financial partner providing tailored solutions that support sustainable growth.”

–Pri McNair, Group Co-President, Corporate Affairs, Emirates NBD.