Turkey's Lifecell investments reach $2B in Ukraine

By Gokhan Ergocun

ANKARA (AA) - 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.

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

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

Kaan Terzioglu, Turkcell's CEO, said: "We are focused on strengthening our position in countries where we are active in being a regional power."

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.