TCELL and TTKOM Stocks: Effects of the 5G Auction

Why Are TCELL and TTKOM Stocks Rising?

The recent rise in Turkcell (TCELL) and Türk Telekom (TTKOM) stocks has caught attention due to a significant development. The bids for the most valuable frequency packages in Turkey's 5G auction have increased investor interest.

Record Bids in the 5G Auction

In the 5G auction, which took place among Turkey's leading telecommunications companies, the first package was sold for 1 billion 280 million dollars, setting a new record. The selling price of the second package was determined to be 811 million dollars. The competition for the most valuable frequency packages A-1, A-2, and A-3 was quite intense among TCELL, Vodafone, and TTKOM.

TCELL's Achievements

In the auction, Turkcell achieved significant success by winning the A-1 frequency with a bid of 429 million dollars. Vodafone offered 426 million dollars for A-2, and Türk Telekom made the highest bid of 425 million dollars for A-3. This competition signals an acceleration in the transformation of the industry.

Market Activity

According to stock market data following the auction, TCELL rose by 2.82% to trade at 98.50 TL, while TTKOM increased by 2.75% to 52.30 TL. This increase reflects investors' confidence and expectations regarding 5G technology.

Conclusion

The results of the 5G auction have enhanced the potential of companies like TCELL and TTKOM, creating a positive impact in the markets. Investors continue to closely monitor these developments.