A change of heart: Turkcell postpones Global Tower IPO at the last moment
TowerXchange analysis of the decision, plus some exclusive comments from Global Tower’s CEO
The latest plot twist in Europe’s tower saga is the eleventh hour postponement of the Global Tower IPO by Turkey’s leading MNO, Turkcell. Citing market uncertainty caused by the US elections and cyber attacks, Turkcell announced the postponement of the listing of their carve out towerco Global Tower, which had been planned for October 27th. “Having considered the potential impacts of the upcoming United States presidential election and the FED’s expected interest rate decision on the financial markets as well as cyberattacks, and in agreement with its major shareholder Turkcell, Global Tower has postponed its initial listing on Borsa Istanbul planned for October 27 until the markets become more reliable and stable,” the company said in a statement.