sc13dza
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OMB APPROVAL |
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OMB Number: 3235-0145 |
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Expires: February 28, 2009
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Estimated average burden hours per response 14.5 |
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1 )*
TURKCELL ILETISIM HIZMETLERI A.S.
(Name of Issuer)
Ordinary
Shares, nominal value TRY 1.000 per share
(Title of Class of Securities)
(CUSIP Number)
Vladimir Lechtman
Jones Day
51 Louisiana Avenue, NW
Washington, DC 20001
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
(Date of Event Which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. o
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.
* The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
SCHEDULE 13D
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CUSIP No. |
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900111204 |
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Page |
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2 |
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of |
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21 |
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1 |
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NAMES OF REPORTING PERSONS:
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I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): |
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Cukurova Telecom Holdings Limited |
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2 |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
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(a) þ |
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(b) o |
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3 |
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SEC USE ONLY: |
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4 |
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SOURCE OF FUNDS (SEE INSTRUCTIONS): |
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AF |
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5 |
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e): |
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o |
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6 |
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CITIZENSHIP OR PLACE OF ORGANIZATION: |
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British Virgin Islands
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7 |
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SOLE VOTING POWER: |
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NUMBER OF |
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945,992,544.110 |
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SHARES |
8 |
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SHARED VOTING POWER: |
BENEFICIALLY |
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OWNED BY |
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0 |
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EACH |
9 |
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SOLE DISPOSITIVE POWER: |
REPORTING |
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PERSON |
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945,992,544.110 |
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WITH |
10 |
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SHARED DISPOSITIVE POWER: |
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0 |
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11 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: |
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945,992,544.110 |
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12 |
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS): |
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þ
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13 |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): |
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51.0% of ordinary shares |
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14 |
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS): |
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HC |
SCHEDULE 13D
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CUSIP No. |
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900111204 |
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Page |
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3 |
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of |
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21 |
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1 |
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NAMES OF REPORTING PERSONS:
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I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): |
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Alfa Telecom Turkey Limited |
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2 |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
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(a) þ |
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(b) o |
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3 |
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SEC USE ONLY: |
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4 |
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SOURCE OF FUNDS (SEE INSTRUCTIONS): |
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AF |
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5 |
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e): |
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o |
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6 |
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CITIZENSHIP OR PLACE OF ORGANIZATION: |
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British Virgin Islands
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7 |
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SOLE VOTING POWER: |
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NUMBER OF |
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0 |
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SHARES |
8 |
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SHARED VOTING POWER: |
BENEFICIALLY |
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OWNED BY |
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945,992,544.110 |
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EACH |
9 |
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SOLE DISPOSITIVE POWER: |
REPORTING |
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PERSON |
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0 |
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WITH |
10 |
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SHARED DISPOSITIVE POWER: |
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945,992,544.110 |
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11 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: |
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945,992,544.110 |
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12 |
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS): |
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þ
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13 |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): |
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51.0% of ordinary shares |
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14 |
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS): |
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HC |
SCHEDULE 13D
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CUSIP No. |
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900111204 |
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Page |
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4 |
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of |
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21 |
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1 |
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NAMES OF REPORTING PERSONS:
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I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): |
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Alfa Finance Holdings S.A. |
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2 |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
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(a) þ |
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(b) o |
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3 |
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SEC USE ONLY: |
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4 |
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SOURCE OF FUNDS (SEE INSTRUCTIONS): |
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WC |
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5 |
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e): |
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o |
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6 |
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CITIZENSHIP OR PLACE OF ORGANIZATION: |
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Luxembourg
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7 |
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SOLE VOTING POWER: |
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NUMBER OF |
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0 |
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SHARES |
8 |
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SHARED VOTING POWER: |
BENEFICIALLY |
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OWNED BY |
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945,992,544.110 |
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EACH |
9 |
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SOLE DISPOSITIVE POWER: |
REPORTING |
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PERSON |
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0 |
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WITH |
10 |
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SHARED DISPOSITIVE POWER: |
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945,992,544.110 |
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11 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: |
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945,992,544.110 |
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12 |
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS): |
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þ
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13 |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): |
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51.0% of ordinary shares |
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14 |
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS): |
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HC |
SCHEDULE 13D
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CUSIP No. |
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900111204 |
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Page |
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5 |
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of |
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21 |
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1 |
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NAMES OF REPORTING PERSONS:
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I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): |
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OOO ALTIMO |
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2 |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
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(a) þ |
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(b) o |
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3 |
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SEC USE ONLY: |
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4 |
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SOURCE OF FUNDS (SEE INSTRUCTIONS): |
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AF |
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5 |
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e): |
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o |
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6 |
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CITIZENSHIP OR PLACE OF ORGANIZATION: |
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Russian Federation
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7 |
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SOLE VOTING POWER: |
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NUMBER OF |
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0 |
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SHARES |
8 |
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SHARED VOTING POWER: |
BENEFICIALLY |
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OWNED BY |
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945,992,544.110 |
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EACH |
9 |
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SOLE DISPOSITIVE POWER: |
REPORTING |
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PERSON |
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0 |
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WITH |
10 |
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SHARED DISPOSITIVE POWER: |
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945,992,544.110 |
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11 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: |
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945,992,544.110 |
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12 |
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS): |
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þ
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13 |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): |
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51.0% of ordinary shares |
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14 |
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS): |
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CO |
SCHEDULE 13D
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CUSIP No. |
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900111204 |
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Page |
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6 |
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of |
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21 |
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1 |
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NAMES OF REPORTING PERSONS:
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I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): |
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Altimo Holdings & Investments Limited |
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2 |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
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(a) þ |
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(b) o |
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3 |
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SEC USE ONLY: |
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4 |
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SOURCE OF FUNDS (SEE INSTRUCTIONS): |
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AF |
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5 |
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e): |
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o |
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6 |
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CITIZENSHIP OR PLACE OF ORGANIZATION: |
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British Virgin Islands
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7 |
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SOLE VOTING POWER: |
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NUMBER OF |
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0 |
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SHARES |
8 |
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SHARED VOTING POWER: |
BENEFICIALLY |
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OWNED BY |
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945,992,544.110 |
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EACH |
9 |
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SOLE DISPOSITIVE POWER: |
REPORTING |
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PERSON |
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0 |
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WITH |
10 |
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SHARED DISPOSITIVE POWER: |
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945,992,544.110 |
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11 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: |
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945,992,544.110 |
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12 |
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS): |
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þ
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13 |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): |
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51.0% of ordinary shares |
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14 |
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS): |
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HC |
SCHEDULE 13D
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CUSIP No. |
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900111204 |
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Page |
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7 |
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of |
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21 |
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1 |
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NAMES OF REPORTING PERSONS:
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I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): |
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CTF Holdings Limited |
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2 |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
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(a) þ |
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(b) o |
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3 |
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SEC USE ONLY: |
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4 |
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SOURCE OF FUNDS (SEE INSTRUCTIONS): |
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AF |
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5 |
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e): |
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o |
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6 |
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CITIZENSHIP OR PLACE OF ORGANIZATION: |
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Gibraltar
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7 |
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SOLE VOTING POWER: |
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NUMBER OF |
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0 |
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SHARES |
8 |
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SHARED VOTING POWER: |
BENEFICIALLY |
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OWNED BY |
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945,992,544.110 |
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EACH |
9 |
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SOLE DISPOSITIVE POWER: |
REPORTING |
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PERSON |
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0 |
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WITH |
10 |
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SHARED DISPOSITIVE POWER: |
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945,992,544.110 |
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11 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: |
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945,992,544.110 |
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12 |
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS): |
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þ
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13 |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): |
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51.0% of ordinary shares |
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14 |
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS): |
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HC |
SCHEDULE 13D
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CUSIP No. |
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900111204 |
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Page |
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8 |
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of |
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21 |
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1 |
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NAMES OF REPORTING PERSONS:
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I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): |
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Crown Finance Foundation |
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2 |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
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(a) þ |
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(b) o |
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3 |
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SEC USE ONLY: |
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4 |
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SOURCE OF FUNDS (SEE INSTRUCTIONS): |
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AF |
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5 |
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e): |
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o |
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6 |
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CITIZENSHIP OR PLACE OF ORGANIZATION: |
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Liechtenstein
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7 |
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SOLE VOTING POWER: |
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NUMBER OF |
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0 |
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SHARES |
8 |
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SHARED VOTING POWER: |
BENEFICIALLY |
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OWNED BY |
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945,992,544.110 |
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EACH |
9 |
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SOLE DISPOSITIVE POWER: |
REPORTING |
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PERSON |
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0 |
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WITH |
10 |
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SHARED DISPOSITIVE POWER: |
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945,992,544.110 |
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11 |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: |
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945,992,544.110 |
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12 |
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CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS): |
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þ
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13 |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): |
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51.0% of ordinary shares |
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14 |
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS): |
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HC |
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SCHEDULE 13D
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Page 9 of 21 |
Introductory Statement.
This
Amendment No. 1 on Schedule 13D (this
Amendment) relates to ordinary shares, nominal value TRY
1.000 per share (the Shares), of Turkcell Iletisim Hizmetleri A.S. (the Issuer). This
Amendment supplementally amends the initial statement on Schedule 13D, filed December 5, 2005 (the
Initial Statement), by Cukurova Telecom Holdings, Alfa Telecom Turkey, Alfa Finance, CTF
Holdings, and Crown Finance (each as defined below). Except as provided herein, this Amendment
does not modify any of the information previously reported in the Initial Statement.
Item 1. Security and Issuer.
No change.
Item 2. Identity and Background
This Amendment is filed on behalf of each of the following persons (collectively, the Reporting
Persons):
(i) |
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Cukurova Telecom Holdings Limited; |
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(ii) |
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Alfa Telecom Turkey Limited; |
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(iii) |
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Alfa Finance Holdings S.A.; |
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(iv) |
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OOO ALTIMO; |
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(v) |
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Altimo Holdings & Investments Limited; |
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(vi) |
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CTF Holdings Limited; and |
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(vii) |
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Crown Finance Foundation. |
The agreement between the Reporting Persons relating to the joint filing of this Amendment is
attached as Exhibit A hereto.
The Reporting Persons
Cukurova Telecom Holdings Limited (Cukurova Telecom Holdings) is a British Virgin Islands
company, with its principal address at P.O. Box 71, Craigmuir Chambers, Road Town, Tortola, British
Virgin Islands. The principal business of Cukurova Telecom Holdings is to function as a holding
company. Cukurova Telecom Holdings is the holder of 52.91% of the total outstanding shares in
Turkcell Holding A.S. (Turkcell Holding) and, in such capacity, may be deemed to be a beneficial
owner of the Shares held by Turkcell Holding. Current information concerning the identity and
background of the directors and officers of Cukurova Telecom Holdings is set forth in Annex A
hereto, which is incorporated by reference in response to this Item 2.
Alfa Telecom Turkey Limited (Alfa Telecom Turkey) is a British Virgin Islands company, with its
principal address at Geneva Place, Waterfront Drive, P.O. Box 3469, Road Town, Tortola, British
Virgin Islands. The principal business of Alfa Telecom Turkey is to function as a holding company.
Alfa Telecom Turkey is the holder of 49% of the total outstanding
shares in Cukurova Telecom Holdings and, in such capacity, may be deemed to be
a beneficial owner
of the Shares held by Turkcell Holding. Current information concerning the identity and background
of the directors and officers of Alfa Telecom Turkey is set forth in Annex A hereto, which is
incorporated by reference in response to this Item 2.
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SCHEDULE 13D
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Page 10 of 21 |
Alfa Finance Holdings S.A. (Alfa Finance) is a Luxembourg limited liability company with its
principal address at 22 Grand Rue, 2nd Floor, Luxembourg, L-1660. The principal business of Alfa
Finance is to function as a holding company. Alfa Finance is the sole shareholder of Alfa Telecom
Turkey, and in such capacity, may be deemed to be the beneficial owner of the Shares held by
Turkcell Holding. Current information concerning the identity and background of the directors and
officers of Alfa Finance is set forth in Annex A hereto, which is incorporated by reference in
response to this Item 2.
OOO ALTIMO (formerly known as OOO Alfa Telecom) (Altimo Russia) is a Russian company with its
principal address at 21 Noviy Arbat Street, GSP-2, Moscow, Russia 119992. The principal business of Altimo
Russia is to manage telecom related investments of certain of its affiliates. Altimo Russia has
entered into the Management Agreement (as defined, and further described, in Item 6 hereof) and as
such may be deemed to be the beneficial owner of the Shares held by Turkcell Holding. Current
information concerning the identity and background of the directors and officers of Altimo Russia
is set forth in Annex A hereto, which is incorporated by reference in response to this Item 2.
Altimo
Holdings & Investments Limited (formerly known as Alfa Telecom Limited) (Altimo
Holdings) is a British Virgin Islands company with its principal address at Geneva Place,
Waterfront Drive, P.O. Box 3469, Road Town, Tortola, British Virgin Islands. The principal
business of Altimo Holdings is to act as a holding company. Altimo Holdings is the sole
shareholder of Altimo Russia, and in such capacity may be deemed to be the beneficial owner of the
Shares held by Turkcell Holding by virtue of the Management Agreement. Current information regarding the identity and background of the
directors and officers of Altimo Holdings is set forth in Annex A hereto, which is incorporated by
reference in response to this Item 2.
CTF Holdings Limited (CTF Holdings) is a Gibraltar limited liability company with its principal
address at Suite 2, 4 Irish Place, Gibraltar. The principal business of CTF Holdings is to
function as a holding company. CTF Holdings is the majority owner of Cotesmore Holdings Limited, a
Bahamas corporation (Cotesmore), Laketown Services Limited, an Isle of Man corporation
(Laketown), and Bardsley Investment Corp., a British Virgin Islands corporation (Bardsley and,
together with Cotesmore and Laketown, the Holding Companies). Collectively, the Holding
Companies own a majority of the shares of Alfa Finance and Altimo Holdings. As a consequence of
its ownership interests in the Holding Companies, CTF Holdings may be deemed to have the power to
direct the voting of a majority of the shares of Alfa Finance and Altimo Holdings and may therefore
be deemed to be the beneficial owner of the Shares held by Turkcell Holding. Current information
concerning the identity and background of the directors and officers of CTF Holdings is set forth
in Annex A hereto, which is incorporated by reference in response to this Item 2.
Crown Finance Foundation (Crown Finance) is a Liechtenstein foundation with its principal address
at Am Schragen Weg 14, P.O. Box 1618, FL-9490, Vaduz, Liechtenstein. The principal business of
Crown Finance is investment and management of the assets and capital of the foundation. Crown
Finance is the sole shareholder of CTF Holdings and, in such capacity, may be deemed to be the
beneficial owner of the Shares held by Turkcell
Holding. Current information concerning the identity and background of the directors and officers
of Crown Finance is set forth in Annex A hereto, which is incorporated by reference in response to
this Item 2.
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SCHEDULE 13D
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Page 11 of 21 |
The Supervisory Board coordinates the strategic development of a group of affiliated entities,
often referred to as the Alfa Group Consortium, which group includes the Reporting Persons other
than Cukurova Telecom Holdings. In certain instances, the Supervisory Board issues recommendations
regarding strategic business decisions to the entities that are members of the Alfa Group
Consortium. Current information regarding the identity and background of the members of the
Supervisory Board is set forth in Annex A hereto, which is incorporated by reference in response to
this Item 2.
During the past five years, none of the Reporting Persons and, to the best of the Reporting
Persons knowledge, no other person identified in response to this Item 2 has been (a) convicted in
a criminal proceeding or (b) a party to any civil proceeding of a judicial or administrative body
of competent jurisdiction as a result of which it or he or she is subject to a judgment, decree, or
final order enjoining future violations of, or prohibiting or mandating activities subject to,
federal or state securities laws, or finding any violation with respect to such laws.
Item 3. Source and Amount of Funds or Other Consideration
No changes.
Item 4. Purpose of Transaction
The third paragraph of Item 4, as included in the Initial Statement, is hereby deleted and replaced
with the following:
Pursuant to the terms of the Subscription Agreement (as defined in the Initial Statement), the
Cukurova Parties (as defined in the Initial Statement) have an obligation to take all steps
necessary to ensure that two persons designated by Alfa Telecom Turkey are placed on the board of
directors of Turkcell Holding, two persons designated by Alfa Telecom Turkey are placed on the
board of directors of the Issuer, and a further person designated jointly by Alfa Telecom Turkey
and the Cukurova Parties is placed on the board of directors of the Issuer. Subsequent to the date
of the Initial Statement, and as designated by Alfa Telecom Turkey, Messrs. Leonid Reznikovich and
Oleg Malis were elected to the board of directors of Turkcell Holding and Messrs. Oleg Malis and
Alexey Khudyakov were elected to the board of directors of the Issuer. Additionally, subsequent to
the date of the Initial Statement, Mr. Colin Williams was elected to the board of directors of the
Issuer as jointly designated by Alfa Telecom Turkey and the Cukurova Parties. As directors of
Turkcell Holding and the Issuer, these directors may have influence over the corporate activities
of the Issuer, including activities which may relate to transactions described in subparagraphs (a)
through (j) of Item 4 of Schedule 13D. In addition, as a result of their beneficial ownership
positions, the Reporting Persons may have influence over the corporate activities of the Issuer,
including activities which may relate to transactions described in subparagraphs (a) through (j) of
Item 4 of Schedule 13D.
Item 5. Interest in Securities of the Issuer
Item 5 is hereby deleted in its entirety and replaced with the following:
The information set forth in Item 2 and Item 6 hereof is hereby incorporated by reference into this
Item 5.
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SCHEDULE 13D
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Page 12 of 21 |
(a) (i) Cukurova Telecom Holdings may be deemed to be the beneficial owner of the 945,992,544.110
Shares held by Turkcell Holding, representing 51.0% of the issued and outstanding share capital of
the Issuer, by virtue of Cukurova Telecom Holdings ownership of 52.91% of the issued and
outstanding share capital of Turkcell Holding, and each of the Reporting Persons other than
Cukurova Telecom Holdings may be deemed the beneficial owner of the 945,992,544.110 Shares held by
Turkcell Holding, representing 51.0% of the total number of Shares outstanding, by virtue of Alfa
Telecom Turkeys ownership of 49% of the issued and outstanding share capital of Cukurova Telecom
Holdings and rights that Alfa Telecom Turkey has by virtue of such ownership and the terms of the
Shareholders Agreement (as defined in Item 6 of the Initial Statement). Turkcell Holding is the
beneficial owner of the 945,992,544.110 Shares held by it, representing 51.0% of the issued and
outstanding share capital of the Issuer.
(ii) Alfa
Telecom Turkey, Cukurova Telecom Holdings, and Cukurova Finance
International (as defined in the Initial Statement) have
entered into a Shareholders Agreement with respect to Alfa Telecom Turkeys and Cukurova Finance
Internationals ownership interests in Cukurova Telecom Holdings, as described in Item 6 of the
Initial Statement, which, among other things, contains a provision requiring that if and to the
extent certain persons affiliated with Alfa Telecom Turkey and/or Cukurova Finance International
hold Shares, other than those Shares held indirectly by Cukurova Telecom Holdings, Alfa Telecom
Turkey or Cukurova Finance International, as applicable, will procure that such Shares are voted as
agreed between Alfa Telecom Turkey and Cukurova Finance International at the board of directors of
Cukurova Telecom Holdings. As a result, the Reporting Persons may be deemed to be part of a group
with Cukurova Finance International within the meaning of Section 13(d)(3) of the Securities
Exchange Act of 1934. Reference is made to such statements on Schedule 13D or Schedule 13G as have
been or may be filed with the Securities and Exchange Commission by Cukurova Finance International,
its 100% owner Cukurova Holding A.S. (Cukurova Holding), or any of their affiliates, for
information regarding such entities, their respective beneficial ownership of Shares, and any
changes to such respective beneficial ownership of Shares. To the best of the Reporting Persons
knowledge and according to a statement on Schedule 13D filed by, among other persons, the Cukurova
Parties, on December 5, 2005, the Cukurova Parties may be deemed to beneficially own the Shares
held by Turkcell Holding and may in addition be deemed to beneficially own 250,415,403.684 Shares
(representing 13.50% of the issued and outstanding Shares) held by Cukurova Holding or its
affiliated companies, other than those Shares held by Turkcell Holding. The filing of this
Amendment shall not be construed as an admission that any of the Reporting Persons or any other
person named in Item 2 hereof is the beneficial owner of any Shares held by Cukurova Finance
International, Cukurova Holding, or any of their affiliated companies (other than Turkcell
Holding).
To the best of the Reporting Persons knowledge, except for the Reporting Persons and Turkcell
Holding, and other than as noted in Annex A hereto, none of the persons named in Item 2
beneficially owns any Shares.
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SCHEDULE 13D
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Page 13 of 21 |
(b) As described in Item 6 of the Initial Statement, which is incorporated by reference into this
Item 5, Cukurova Telecom Holdings may be deemed to have the sole power to vote or direct the vote,
and sole power to dispose or direct the disposition of, the 945,992,544.110
Shares held by Turkcell Holding, representing 51.0% of the total number of Shares outstanding by
virtue of Cukurova Telecom Holdings 52.91% interest in Turkcell Holding. Further, each of the
Reporting Persons other than Cukurova Telecom Holdings may be deemed to have shared power to vote
or direct the vote, and shared power to dispose or direct the disposition of, the 945,992,544.110
Shares held by Turkcell Holding, representing 51.0% of the total number of Shares outstanding. The
Reporting Persons other than Cukurova Telecom Holdings share such power to vote or direct the vote,
and to dispose of or direct the disposition of, the Shares held for the account of Turkcell Holding
with Cukurova Finance International by virtue of Alfa Telecom Turkeys and Cukurova Finance
Internationals joint ownership of Cukurova Telecom Holdings (in which Alfa Telecom Turkey holds a
49% ownership interest and Cukurova Finance International holds the remaining 51% interest) and the
provisions of the Shareholders Agreement (as defined in the Initial Statement). The Reporting
Persons do not know, or have reason to know, the information required by Item 2 with respect to
Cukurova Finance International, its 100% owner Cukurova Holding, or any of their affiliates that
may be deemed to share such power with the Reporting Persons. Reference is made to such statements
on Schedule 13D or Schedule 13G as have been or may be filed with the Securities and Exchange
Commission by such entities for information required by Item 2.
To the best of the Reporting Persons knowledge, other than the Reporting Persons and other than as
noted in Annex A hereto, none of the persons named in Item 2 has the sole or shared power to vote
or direct the voting of, or to dispose or direct the disposition of, any Shares.
(c) To the best of the Reporting Persons knowledge, there have been no transactions effected with
respect to any Shares during the past 60 days by any of the persons named in response to Item 2.
(d) According to a review of the shareholders register of Turkcell Holding, Sonera Holding B.V. is
the holder of 47.09% of the shares of Turkcell Holding, and as such has the right to receive 47.09%
of any dividends from, or the proceeds from the sale of, the Shares held by Turkcell Holding.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the
Issuer
This Item 6 is supplementally amended as follows: On June 15, 2006, Alfa Telecom Turkey and Altimo
Russia entered into a management agreement, as amended by Addendum No. 1 on June 19, 2006 (the
Management Agreement), whereby Alfa Telecom Turkey engaged the services of Altimo Russia for the
purpose of managing certain aspects of Alfa Telecom Turkeys direct investment in Cukurova Telecom
Holdings and indirect investment in the Issuer. A copy of the Management Agreement is attached
hereto as Exhibit B and is incorporated herein by reference. The foregoing description of the
Management Agreement does not purport to be complete and is qualified in its entirety by the terms
of the Management Agreement, which are incorporated herein by reference.
Item 7. Material to be Filed as Exhibits
The Exhibit Index is incorporated herein by reference.
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SCHEDULE 13D
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Page 14 of 21 |
Signature
After reasonable inquiry and to the best of their knowledge and belief, the undersigned
certify that the information set forth in this Amendment is true, complete, and correct.
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CUKUROVA TELECOM HOLDINGS LIMITED |
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August 14, 2006 |
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/s/ Oleg Malis |
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Oleg Malis, Director |
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ALFA TELECOM TURKEY LIMITED |
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August 14, 2006 |
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/s/ Pavel Nazarian |
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Pavel Nazarian, Director |
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ALFA FINANCE HOLDINGS S.A. |
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August 14, 2006 |
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/s/ Pavel Nazarian |
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Pavel Nazarian, Attorney-in-fact |
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SCHEDULE 13D
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Page 15 of 21 |
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OOO ALTIMO |
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August 14, 2006 |
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/s/ Alexey Gavrilov |
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Alexey Gavrilov, Attorney-in-fact |
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ALTIMO
HOLDINGS & INVESTMENTS LIMITED |
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August 14, 2006 |
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/s/ Franz Wolf |
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Franz Wolf, Director |
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CTF HOLDINGS LIMITED |
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August 14, 2006 |
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/s/ Franz Wolf |
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Franz Wolf, Director |
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CROWN FINANCE FOUNDATION |
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August 14, 2006 |
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/s/ Franz Wolf |
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Franz Wolf, Attorney-in-fact |
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SCHEDULE 13D
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Page 16 of 21 |
ANNEX A
Directors and Officers of Cukurova Telecom Holdings Limited
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Name/Title/Citizenship |
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Principal Occupation |
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Business Address |
Leonid Reznikovich
Director
(Russia)
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Chief Executive
Officer Altimo
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Savvinskaya Nab. 11
119435 Moscow, Russia |
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Oleg Malis
Director
(Russia)
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Senior Vice
President, Asset
Management Altimo
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Savvinskaya Nab. 11
119435 Moscow, Russia |
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Mehmet Emin Karamehmet
Director
(Turkey)
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Chairman of Cukurova
Holding A.S.
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Büyükdere Cad.
Yapi Kredi Plaza A Blok
K:15 34330
Levent, Istanbul, Turkey |
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Osman Berkmen
Director
(Turkey)
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Member of the Board
of Directors of BMC
Sanayi ve Ticaret
A.S.
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Büyükdere Cad.
Yapi Kredi Plaza A Blok
K:15 34330
Levent, Istanbul, Turkey |
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Hikmet Yasmin Cetinalp
Director
(Turkey)
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Auditor of Cukurova
Holding A.S.
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Büyükdere Cad.
Yapi Kredi Plaza A Blok
K:15 34330
Levent, Istanbul, Turkey |
Directors and Officers of Alfa Telecom Turkey Limited
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Name/Title/Citizenship |
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Principal Occupation |
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Business Address |
Pavel Nazarian
Director
(Russia)
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Director of
headquarters/
Secretary of executive
board- Alfa Finance
Holdings S.A.
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22 Grand Rue, 2nd Floor
L-1660
Luxembourg |
Directors and Officers of Alfa Finance Holdings S.A.
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Name/Title/Citizenship |
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Principal Occupation |
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Business Address |
Peter Aven
Director (Russia)
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President, OJSC Alfa Bank
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11 Mashy Poryvaevoy
Street, 107078 Moscow,
Russia |
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SCHEDULE 13D
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Page 17 of 21 |
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Mikhail Fridman
Director (Russia)
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Chairman of the Board of
Directors, OJSC Alfa
Bank
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9 Mashy Poryvaevoy
Street, 107078 Moscow,
Russia |
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David Gould
Director (United States)
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Deputy Director of
Corporate Development,
Finance and Control for
CTF Holdings Limited
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6 Sechenovskiy Pereulok, Building 3, Floor 3
119034 Moscow, Russia |
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Alexander Knaster
Director (United States)
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Chief Executive Officer
Pamplona Capital
Management
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25 Park Lane
London W1K 1RA, U.K. |
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Andrey Kosogov
Director (Russia)
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First Deputy Chairman of
the Executive Board of
Directors of OJSC Alfa
Bank
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11 Mashy Poryvaevoy
Street, 107078 Moscow,
Russia |
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Alexey Kuzmichev
Director (Russia)
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Chairman of the Board of
Directors, Alfa Eco LLC
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21 Novy Arbat Street,
121019 Moscow, Russia |
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Pavel Nazarian
Officer Director of
headquarters/ Secretary
of executive board
(Russia)
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Director of
headquarters/ Secretary
of executive board of
Alfa Finance Holdings
S.A.
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22 Grand Rue, 2nd Floor
Luxembourg, L-1660 |
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Aleksandr Tolchinsky
Director (United States)
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Member of the Board of
Directors Alfa Finance
Holdings A.S.
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12 Acad. Sakharov Prospect
107078, Moscow, Russia |
Directors and Officers of OOO ALTIMO
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Name/Title/Citizenship |
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Principal Occupation |
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Business Address |
Anna Severinova
General Director
(Russia)
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General Director OOO
ALTIMO
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21 Noviy Arbat Street,
GSP-2, Moscow, Russia 119992 |
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Svetlana Grigoryeva
Chief Accountant
(Russia)
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Chief Accountant OOO
ALTIMO
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21 Noviy Arbat Street,
GSP-2, Moscow, Russia 119992 |
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Alexey
Gavrilov
Acting General Director
(Russia)
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Acting General Director OOO
ALTIMO
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21 Noviy Arbat Street,
GSP-2, Moscow, Russia 119992 |
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SCHEDULE 13D
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Page 18 of 21 |
Directors
and Officers of Altimo Holdings & Investments Limited
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Name/Title/Citizenship |
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Principal Occupation |
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Business Address |
Geoffrey Piers Hemy,
Director (United Kingdom)
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Director, Grand Financial
Holding S.A.
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11 Boulevard Royale
L-2449 Luxembourg |
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Georgia Karydes,
Director (Cyprus)
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Director, Feldmans
Management (Overseas)
Ltd.
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6 Nikou Georgiou Street
Block C, Office 704
Nicosia 1098, Cyprus |
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Alla Kudryavtseva,
Director (Russia)
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Director, CTF Holdings
Limited
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Suite 2,
4 Irish Place, Gibraltar |
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Leonid Reznikovich,
Chief Executive Officer
(Russia)
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Chief Executive Officer,
Altimo
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11 Savvinskaya Nab.,
119435 Moscow, Russia |
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Pavel Volitskiy,
Director (Russia)
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Manager, CTF Holdings
Limited
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Suite 2
4 Irish Place, Gibraltar |
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Franz Wolf,
Director (Germany)
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Director, CTF Holdings
Limited
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Suite 2
4 Irish Place, Gibraltar |
Directors and Officers of CTF Holdings Limited
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Name/Title/Citizenship |
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Principal Occupation |
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Business Address |
Alla Kudryavtseva
Director (Russia)
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Director, CTF Holdings
Limited
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Suite 2, 4 Irish
Place, Gibraltar |
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Franz Wolf
Director (Germany)
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Director, CTF Holdings
Limited
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Suite 2, 4 Irish
Place, Gibraltar |
Directors and Officers of Crown Finance Foundation
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Name/Title/Citizenship |
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Principal Occupation |
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Business Address |
Christian Rosenow
Director
(Switzerland)
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Financial Advisor
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Talacker 35, 8001
Zurich Switzerland |
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SCHEDULE 13D
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Page 19 of 21 |
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Dr. Norbert Seeger
Director
(Liechtenstein)
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Attorney,
Arcomm Trust Company
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Am Schragen Weg 14,
P.O. Box 1618, FL-9490
Vaduz, Liechtenstein |
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Dr. Christian Zangerle
Director
(Austria)
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Attorney,
Law Office of Dr.
Norbert Seeger
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Am Schragen Weg 14,
P.O. Box 1618, FL-9490
Vaduz, Liechtenstein |
Members of the Supervisory Board of the Alfa Group Consortium
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Name/Title/Citizenship |
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Principal Occupation |
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Business Address |
Peter Aven
Director (Russia)
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President, OJSC Alfa Bank
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11 Mashy Poryvaevoy
Street, 107078 Moscow,
Russia |
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Alexander Fain
Director (Russia)
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Chief Executive Officer,
Alfa Eco LLC
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21 Novy Arbat Street,
121019 Moscow, Russia |
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Mikhail Fridman
Director (Russia)
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Chairman of the Board of
Directors, OJSC Alfa
Bank
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9 Mashy Poryvaevoy
Street, 107078 Moscow,
Russia |
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Mikhail Gamzin
Director (Russia)
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Director General, OAO
Russian Technologies
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3rd Golutvinsky Pereulok,
10 Building 6, 109180
Moscow, Russia |
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German Khan
Director (Russia)
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Executive Director,
TNK-BP Management
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1, Arbat Street, 119019
Moscow, Russia |
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Lev Khasis
Director (Russia)
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Chief Executive Officer,
Pyaterochka Holding N.V.
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3 Red Square, 109012
Moscow, Russia |
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Alexander Kosiyanenko
Director (Russia)
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Chief Executive Officer,
JSC Perekrestok
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14817 Moscow Region,
District of Mytischy,
Paveltsevo Village,
Russia |
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Alexey Kuzmichev
Director (Russia)
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Chairman of the Board of
Directors, Alfa Eco LLC
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21 Novy Arbat Street,
121019 Moscow, Russia |
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Nigel John Robinson
Director (United Kingdom)
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Director of Corporate
Development, Finance and
Control, Alfa Group
Consortium
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6 Sechenovskiy Pereulok,
Building 3, Floor 3,
119034, Moscow, Russia |
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Leonid Reznikovich
Director (Russia)
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Chief Executive Officer
Altimo
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11 Savvinskaya Nab.,
119435 Moscow, Russia |
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SCHEDULE 13D
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Page 20 of 21 |
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Alexander Savin,
Director (Russia)
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Chief Executive Officer
Alfa Eco LLC
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12 Krasnopresnenskaya
Nab. International Trade
Center 2, Entrance 7
123610 Moscow, Russia |
Beneficial Ownership of Persons Named in this Annex A:
Mehmet Emin Karamehmet, a director of Cukurova Telecom Holdings may be deemed to be the beneficial
owner of 250,415,403.684 Shares held by Cukurova Holding and various of its affiliates by virtue of
his control over Cukurova Holding and such affiliates.
SCHEDULE 13 D
EXHIBIT INDEX
Exhibit A
Joint Filing Agreement, dated as of August 14, 2006, by and among Cukurova Telecom
Holdings Limited, Alfa Telecom Turkey Limited, Alfa Finance Holdings S.A., OOO ALTIMO, Altimo
Holdings & Investments Limited, CTF Holdings Limited, and Crown Finance Foundation.
Exhibit B Management Agreement, dated June 15, 2006, as amended by Addendum No. 1 on June 19, 2006,
by and among Alfa Telecom Turkey Limited and OOO ALTIMO.
Exhibit C A conformed copy of the Power of Attorney authorizing Pavel Nazarian to sign this
Amendment No. 1 on behalf of Alfa Finance Holdings S.A., incorporated herein by reference to
Exhibit B to the Statement on Schedule 13D filed by Cukurova Telecom Holdings Limited, Alfa Telecom
Turkey Limited, Alfa Finance Holdings S.A., CTF Holdings Limited, and Crown Finance Foundation with
the Securities and Exchange Commission on December 5, 2005.
Exhibit D A conformed copy of the Power of Attorney authorizing Franz Wolf to sign this Amendment
No. 1 on behalf of Crown Finance Foundation.
Exhibit E A conformed copy of the Power of Attorney authorizing Alexey Gavrilov to sign this
Amendment No. 1 on behalf of OOO ALTIMO.