Report
Erdem Hafizoglu
EUR 103.53 For Business Accounts Only

BGC Partners - DATAGATE (Company Update - BUY (maintained), 57% upside)

Datagate has been granted a new region from Turk Telekom … The new region includes Ankara, Bursa, Eskişehir, Canakkale, Balikesir, Bilecik, Yalova, Kutahya, and Kirikkale cities; and the operations started as of 1 April 2019. Datagate formerly had a 22% market share in Turk Telekom’s operations along with the two other distributors Mobimark and Mobiltel. With the exclusion of Mobimark, Datagate’s share is calculated to grow to 44%.
Underlying
Datagate Bilgisayar Malzemeleri TAS

Datagate Bilgisayar Malzemeleri Ticaret AS. Datagate Bilgisayar Malzemeleri Ticaret AS is a Turkey-based computer and computer peripherals distributor. The Company distributes, markets and offers logistics and after-sale services for more than 1,000 computers and computer accessories of international brands, such as Seagate, Intel, Acer, Fujitsu, Belkin, Sapphire, Vestel, genius, Samsung and Transcend, among others. The Company's product portfolio includes microprocessors, hard discs, memory units, optical units, motherboards, tapes, video accelerator cards, monitors and various types of hardware supporting software. The Company distributes its products to wholesale companies and retailers. As of December 31, 2011, its main shareholder was Indeks Bilg. A.S. (59.24%).

Provider
BGC Partners
BGC Partners

BGC has been one of the major market players in Turkish OTC debt, FX and swaps markets since 1998.

We started offering corporate finance and investment banking services to our clients in 2013. We offer a complete range of financial services to help our clients achieve their goals. Our main areas of activity within investment banking are as follows:

  • Mergers & Acquisitions
  • Equity Capital Markets
  • Debt Finance & Advisory

Analysts
Erdem Hafizoglu

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