Type Private Founded 1996 | Industry Telecommunication Headquarters Istanbul Parent organization Netone Telekom A.S. | |
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Profiles | ||
TurkNet is a telecommunications company that offers internet access and telephone services to businesses and consumers in Turkey. As of end of September 2015, TurkNet was the fourth largest internet service provider in Turkey with 2.1% share of the internet service provider market, and 3.7% of the fixed-line telephone services market.
In 2007, TurkNet received a $12,5 million investment from Novator, a private equity fund controlled by Björgólfur Thor Björgólfsson and in May 2013, TurkNet received a loan worth EUR 9.5 million from the EBRD for a capital expansion program. Subsequent growth brought the company a retail base of 180,000 retail customers and 25,000 business customers.
Founded as Netone, the company purchased the TurkNet brand and assets from Sabanci Holding in February 2008. Sabancı Holding had previously purchased Turk.Net from its founders in 1999.