ISTANBUL--(BUSINESS WIRE)--Turkcell (NYSE:TKC) (BIST:TCELL), Turkey’s leading telecommunications and technology company, received the world’s most prestigious corporate procurement certification. Chartered Institute of Purchasing & Supply (CIPS) granted Turkcell Group’s Finance Procurement department with CIPS Corporate Procurement Certificate following an evaluation of its structure and practices.
Turkey’s first CIPS-certification company
CIPS analyzed Turkcell Group Finance Procurement department according to 110 criteria under five headings: Leadership and Organization, Strategy, People, Process and Systems, and Performance Management. After an evaluation period of 6 months, Turkcell received the certification, making it the first Turkish company to have qualified for this prestigious award.
Turkcell meets the highest international standards
The awarding of the certification places Turkcell among a very select group of companies internationally. Currently, there are only 127 companies globally that hold this certificate.
It also serves as further proof of Turkcell’s compatibility with the highest international standards in finance. As the only Turkish company listed on the NYSE, Turkcell sets the bar high in its procurement practices, maintaining the principles of transparency, consistency and fairness as benchmarks of good management.
ABOUT TURKCELL: Turkcell is the leading communications and technology company in Turkey, with 35.2 million subscribers as of December 31, 2013. Turkcell is a leading regional player, with market leadership in five of the nine countries in which it operates with its approximately 71.3 million subscribers as of December 31, 2013. It has become one of the first among the global operators to have implemented HSPA+. It has achieved up to 43.2 Mbps speed using the Dual Carrier technology, and is continuously working to provide the latest technology to its customers. Turkcell Superonline, a wholly owned subsidiary of Turkcell, is the first telecom operator to offer households fiber broadband connection at speeds of up to 1,000 Mbps in Turkey. As of December 2013, Turkcell’s population coverage is at 99.49% in 2G and 86.17% in 3G. Turkcell reported a TRY11.4 billion (US$6.0 billion) revenue with total assets of TRY21.3 billion (US$10.0 billion) as of December 31, 2013. It has been listed on the NYSE and the ISE since July 2000, and is the only NYSE-listed company in Turkey. Read more at www.turkcell.com.tr
ABOUT CIPS: The Chartered Institute of Purchasing & Supply (CIPS) is the world’s largest procurement and supply professional organisation. It is the worldwide centre of excellence on purchasing and supply management issues. CIPS has a global community of over 100,000 in 150 different countries, including senior business people, high-ranking civil servants and leading academics. The activities of purchasing and supply chain professionals have a major impact on the profitability and efficiency of all types of organisation and CIPS offers corporate solutions packages to improve business profitability.