Having violated Law on Protection of Competition, Meta fined by Turkish competition watchdog Turkish Competition Authority (RK) announced it imposed a fine of TL 4.8 million ($160,165) per day on Facebook (Meta Platforms) effective from Dec. 12, 2023. The reason for the fine Meta Platforms […]
Month: January 2024
Boom in Turkish EV sales in 2023
Turkish EV sales went up 844% in 2023, accounting for 6.8% of total automobile sales Sales of electric vehicles (EV) in Turkey reached 65,562 units in 2023, according to the data of Automotive Distributors and Mobility Association (ODMD). This is an 844.4% year-over-year (YoY) increase, and […]
AWS launches AWS Outposts in Turkey
AWS’s new service helps business to process data locally and brings low latency Amazon Web Services (AWS), Amazon’s cloud business, announced that it introduced AWS Outposts in Turkey. The company organized a launch event in Istanbul on Jan 9, which I also attended. Here is […]
France’s NJJ Capital acquires Turkcell’s Ukrainian subsidiary, lifecell
Xavier Niel’s NJJ Capital acquries lifecell at an undisclosed amount [UPDATE] 9.9.2024 In a statement on Sept 9, Turkcell said it had completed the transfer of shares, along with all rights and liabilities in its subsidiaries Lifecell LLC, LLC Global Bilgi and LLC Ukrtower, to […]