TURK TELEKOM LAUNCHES THE SECOND OFFICE IN SILICON VALLEY

The telecommunication company Turk Telekom will launch its second office with its 100% subsidiary Turk Telekom Ventures in Silicon Valley at the end of March, according to Umit Onal, CEO of Turk Telekom. Turk Telekom will introduce ventures to Silicon Valley and help them to find new investments at this office. The company aims to support entrepreneurs, which will operate especially in the telecommunication and energy sectors. “We aim to create unicorns from Turkey with a potential to carry their success to the global arena. We’ll continue to expand the ecosystem and discover new ventures this year,” said Onal. Turk Telekom launches its first office in Silicon Valley with its subsidiary Argela in 2008. The company will also establish a finance and payment systems company soon to provide a loan. “The finance and payment systems are naturally followed by e-commerce. We need to research well at the first stage. We don’t hurry up for launching,” said Onal. The net profit of the company amounted to TRY 5.8bn in 2021, while it predicts to make TRY 12.5bn investment this year.