The Wealth Fund has paid off the debt used for Turkish Telecom in advance, resulting in savings of over $150 million in interest. The Turkey Wealth Fund (TVF) announced that by early settling the debt used in 2022 to acquire 55% of Turkish Telecom’s shares, more than $150 million in interest savings were achieved. According to the TVF statement, thanks to strong cash flow and cost-effective financing sources, the Wealth Fund obtained the opportunity to make an early payment for a loan for the first time. While the refinancing process for the loan used for Turkish Telecom in 2022 was successfully completed, a total of over $150 million in interest savings were achieved through this transaction. During this process, a total of $634 million debt, including the principal installment for 2025, was paid off early, and the remaining balance was refinanced with a new $750 million loan with a 5-year term. With the new loan, the end-of-term balloon payment structure in the previous agreement was eliminated; installments were spread over the term, and the payment plan was adjusted to align with TVF’s cash flow. Additionally, restrictions on revenue from Turkish Telecom under the old loan were lifted, allowing these earnings to be used freely.