Operators bidding for the 4.5G mobile technology tender will pay the last installment of 657 million euros next month. Businesses will be able to make the payment in Turkish liras through the exchange rate on the date of payment.

Information and Communication Technologies Authority (BTK) held the tender for 4.5G mobile technology on August 26, 2015, and the total amount stood at around 4 billion euros including value-added tax (VAT). The final installment payment required for the tender will be around 657.2 million.

As part of the mobilization initiated by President Recep Tayyip Erdoğan, the payments can be made in Turkish liras. According to the Decree Law no. 683, if the borrowers indebted to the state in foreign currency make a demand, they can pay their debts by taking the dollar/TL parity of 3.53 liras and euro/TL parity of 3.70 liras announced by the Central Bank on Jan. 2 as basis.

Turkcell offered a total of 1.9 billion euros including VAT in eight packages, while Turk Telekom, participating in the bidding under the brand name of Avea, submitted a total of 1.1 billion euros for five packages and Vodafone offered a total of 918 million in five packages. The winners of the bidding made their first payments to the Treasury on Oct. 26, 2015, amounting to about 2 billion euros in total.

While Vodafone made the payment in advance, Turkcell and Turk Telekom preferred the installment payment option.

Turkcell will pay 413.8 million euros for the last installment payment in April 2017, while Turk Telekom will make the payment in return for 243.3 million euros, thus completing all the payments in the bidding of about 4 billion euros.