TDC Data Services, which carries out the data center investments of Turkcell, Türkiye's leading technology and communications company, has secured 100 million euros of murabaha financing from the Gulf Region through an agreement with Emirates NBD Bank. The financing received by TDC Data Services with a 5-year maturity will be used in data center investments.
Turkcell subsidiary TDC Data Services has taken an important step to expand its data center investments and reinforce its leadership in the market. TDC Data Services has secured 100 million euros of murabaha financing from the Gulf Region through an agreement signed with Emirates NBD Bank. With this financing received for a 5-year maturity, TDC will accelerate its digital infrastructure investments in data centers and continue to move forward with firm steps towards its long-term growth targets.
The murabaha structure, which is based on interest-free financing principles, not only plays an important role in diversifying TDC's financing resources, but also draws attention with its potential to pave the way for new collaborations in the Gulf Region.
“This financing is a concrete indication of the trust that global financial institutions have in Turkcell.”
Speaking at the signing ceremony, Turkcell Deputy General Manager of Finance Kamil Kalyon said, “The murabaha financing we have realized with Emirates NBD, one of the leading financial institutions in the Gulf Region, is a concrete indicator of the trust that global investors have in Türkiye and Turkcell. This strategic partnership will contribute to Türkiye’s digital transformation process by accelerating our data center investments, and will also accelerate our goal of turning our country into a regional data hub. We believe that this step we have taken will support the development of data centers, one of the most strategic areas of the future in Türkiye, and we continue to contribute to our country’s technology vision by reinforcing our leadership in this area.”
Pri McNair, Group Co-Head of Corporate Affairs at Emirates NBD, commented on the agreement:
“Emirates NBD’s €100 million murabaha financing agreement with Turkcell is part of our long-term strategy to support growth-oriented companies investing in digital transformation. This agreement reflects our trust in Turkcell and we are proud to support Turkcell’s data center investments. Our collaboration reinforces Turkcell’s leading position in the telecom sector and strengthens Emirates NBD’s role as a trusted financial partner that offers tailored solutions that support sustainable growth.”
