A change of heart: Turkcell postpones Global Tower IPO at the last moment
TowerXchange is part of the Delinian Group, Delinian Limited, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2024

A change of heart: Turkcell postpones Global Tower IPO at the last moment

europe-news.png

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.


UNLOCK THIS ARTICLE

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Subscribe Login
Gift this article