Turkcell announced that its subsidiary, TDC Veri Hizmetleri (TDC), has secured EUR100 million in murabaha financing through a strategic partnership with Emirates NBD Bank, a prominent banking group in the Middle East and Turkiye (MENAT) region. The five-year, interest-free financing agreement aims to support Turkcell Group’s data center investments, accelerate digital infrastructure projects, and align with its long-term growth strategy.
This murabaha-based financing marks a significant milestone for TDC, strengthening its position in the data center and cloud services sector. Turkcell’s strategy emphasizes developing high-capacity, environmentally sustainable data centers designed to meet the rising demand for cloud computing, artificial intelligence, and big data solutions. The initiative supports national digitalization goals by fostering local business growth while attracting global customers seeking secure and scalable digital infrastructure.
Kamil Kalyon, Turkcell’s Chief Financial Officer, highlighted the significance of the deal, stating, “The financing secured with Emirates NBD reflects the confidence global financial institutions have in Turkcell. It validates our strategic focus on future growth and value creation for investors. We are proud to attract international investment into our data center operations, which will pave the way for more strategic partnerships and opportunities in the digital landscape.”
Pri McNair, Group Co-Head of Corporate Coverage at Emirates NBD, added, “Our EUR100 million Murabaha financing deal with Turkcell is part of our long-term commitment to supporting companies investing in digital transformation. We are proud to back Turkcell’s data center expansion, reinforcing its leadership in telecom. This transaction underscores Emirates NBD’s role as a trusted financial partner delivering tailored solutions for sustainable growth.”
