Turkey’s Lifecell investments reach $2 billion in Ukraine

ANKARA – Anadolu Agency

Turkcell Board Chairman Ahmet Akca has been elected to the National Investment Council of Ukraine—a country where Lifecell is one of the most important investors.

Lifecell—Turkcell’s company in Ukraine—provides 3G and 4.5G network technologies in the country where its investment has reached nearly $2 billion, according to a press release by Turkcell.

“Lifecell is the primary investor in Ukraine with $2 billion of investment, of which $700 million was made after 2014,” Akca said, speaking at the council.

Meanwhile, Lifecell’s central office was moved to the country’s modern business center—the Eleven Business Center, the press release said.

“We are focused on strengthening our position in countries where we are active in being a regional power,” said Turkcell’s CEO Kaan Terzioğlu.

Turkcell spearheaded GSM-based mobile communication in Turkey when it started operations in 1994.

Since then, it has continuously expanded its services based on mobile, audio and data communication.