Odine Quarterly Newsletter | Issue 11
To Our Valued Community,??
Odine has commenced trading on the Borsa ?stanbul, BIST Stars market, under the ticker symbol ODINE on March 21, 2024.
Our initial public offering (IPO), led by Türkiye S?nai Kalk?nma Bankas? (TSKB) and Yat?r?m Finansman Securities, witnessed incredible demand that exceeded six times our initial projections, marking a significant milestone in our journey of growth and innovation. This remarkable response is a testament to the confidence and enthusiasm of investors in Odine's vision and potential.
With over 3.3 million investors participating in the IPO, we have successfully attracted a diverse range of stakeholders to join us on our exciting journey. With our cutting-edge technology and comprehensive solutions, we are dedicated to meeting the ever-evolving needs of the telecommunications industry.
Furthermore, we are delighted to emphasize that Odine maintains a robust financial structure, characterized by zero debt and a strong cash position. Our steady growth in net sales and profit, coupled with a healthy current ratio, reflects our commitment to financial stability and sustainable business practices.
The proceeds from the IPO will play a pivotal role in fueling our growth initiatives, particularly in expanding our global presence. With a substantial investment committed, we are poised to enhance our offerings and extend our reach to better serve you, our valued customers and partners.
As we embark on this new chapter, I am assured of our unwavering dedication to delivering exceptional value to our customers, partners, and shareholders. Once again, we extend our heartfelt gratitude to all our stakeholders for their continued support and belief in Odine's mission.
Together, we will continue to push the boundaries of innovation and excellence in the telecommunications industry.
Alper Tunga Burak
CEO, Odine
Odine Commences Trading on Borsa ?stanbul, BIST Stars Market, under the ticker symbol ODINE
Odine, global telecoms partner, proudly announces its commencement of trading on the Borsa ?stanbul, BIST Stars market, under the ticker symbol ODINE, effective March 21, 2024
The IPO witnessed an unprecedented demand that exceeded expectations by sixfold, attracting participation from more than 3.3 million investors.?
This milestone follows the successful completion of Odine's initial public offering (IPO), led by Türkiye S?nai Kalk?nma Bankas? (TSKB) and co-led by Yat?r?m Finansman Securities. The IPO, held on March 13-14-15, witnessed an unprecedented demand that exceeded expectations by sixfold, covering 16.3% of the offering. Notably, this remarkable response attracted participation from 3.3 million investors, underscoring the confidence and enthusiasm of stakeholders in Odine's vision and potential.???
The proceeds from the IPO will play a pivotal role in fueling Odine's growth initiatives, particularly in expanding its global presence and driving sustainable telecoms transformation. Odine plans to allocate 52.5-62.5% of the IPO proceeds towards its growth objectives in global markets, ensuring a significant focus on expanding its footprint and capabilities internationally. With a substantial investment committed, the company is poised to enhance its offerings and extend its reach to better serve its valued customers and partners. This strategic allocation underscores Odine's commitment to innovation and excellence in the telecommunications industry, as it seeks to deliver superior solutions and experiences while fostering sustainable telecoms transformation.?
Odine embarks on its journey in Borsa Istanbul with the opening bell ceremony held on March 21, 2024!
Odine embarked on its journey in Borsa Istanbul with the opening bell ceremony held on March 21, 2024.
The ceremony commenced with a speech from Korkmaz Ergun, CEO of Borsa Istanbul A.?., as he emphasized the significance of investors' interest in technology companies in our country, where digital transformation is rapidly increasing due to its qualified human resources and young population. He extended his best wishes to Odine for success.
Following Ergun's speech, Odine's CEO, Alper Tunga Burak, expressed his pride in the overwhelming demand witnessed during the IPO process. He underscored the importance of Odine's emergence as a Turkish telecommunications brand, highlighting the strategic significance of the sector for Türkiye.
Alper Tunga Burak emphasized that Odine's success not only demonstrates Türkiye's potential but also showcases the country's talent in the global technology landscape.
Bloomberg HT - Odine Openin Bell Ceremony Interview with Alper Tunga Burak, CEO, Odine
Following our opening bell ceremony on March 21, 2024, Odine, CEO, Alper Tunga Burak, participated in a live interview on Bloomberg HT.?
Alper Tunga Burak emphasized that the IPO was the result of years of effort and dedication, expressing his gratitude to over 3 million investors who have accompanied Odine on this journey and entrusted us.?
Odine IPO interviews / Odine on Media
Alper Tunga Burak, CEO, Odine, participated in interviews with economic channels in Türkiye and various global media outlets to discuss Odine's journey towards its initial public offering (IPO). These discussions delved into the significance of digital transformation within the telecommunications sector, offering valuable insights into its current state and future prospects. Alper Tunga Burak underscored the global momentum of the ongoing digital transformation wave, positioning Odine as a key player driving this evolution within the telecommunications sector.
Turkcell's Journey to Tomorrow's Network with Odine & Red Hat – Telco Cloud Empowered and 5G-Ready!
Turkcell, Türkiye’s leading converged telecommunication and technology services provider, takes a step forward and continues its digital transformation by deploying commercial cloud-native infrastructure clusters with Odine utilizing Red Hat OpenShift.
Today, Turkcell's network stands at the forefront of 5G readiness, with its underlying platform powered by Odine and Red Hat OpenShift, the industry's leading hybrid cloud application platform powered by Kubernetes, showcasing its proactive approach to technological advancements. Leveraging 5G capabilities, Turkcell's network is poised to deliver unprecedented speed, low latency, and enhanced connectivity to its customers, enabling transformative experiences and unlocking new possibilities in the digital landscape.
Odine and Turkcell's Telco Cloud Project Named Finalists in GSMA GLOMO Awards 2024
领英推荐
Odine announces that their collaboration with Turkcell has been shortlisted for the Best Cloud Solution category at the GLOMO Awards 2024. This nomination recognizes the exceptional achievements and innovative contributions in cloud services and solutions, highlighting the impactful results of our partnership in the telecommunications sector. The project, featuring a unified Cloud Native infrastructure, has garnered attention for its efficient management, optimized resource allocation, accelerated deployment processes, and enhanced agility in adapting to market changes.
GCCM Magazine - Executive Interview with Alper Tunga Burak, CEO, Odine
Take a look at GCCM Magazine's January/February Issue, as Odine, CEO, Alper Tunga Burak provides insight into Odine's exceptional achievements, market adaptability, and unwavering commitment to sustainability.
Delve deeper into Odine's remarkable journey and discover how our company continues to thrive amidst evolving market landscapes.?
MWC 2024 Highlights
MWC 2024 took place from February 26th to 29th in Barcelona, Spain.? The event brought together connectivity leaders from 205 countries and territories, exploring industry topics including AI, 5G, Internet of Things, cloud computing, and Open RAN.
We are immensely grateful for the insightful discussions and meaningful connections forged during this remarkable event. We would like to thank all our visitors once again. As we move forward, we eagerly anticipate reconnecting with you at the next one!
TelecomTV: Partner Insights @MWC 2024
Odine,Turkcell and Red Hat partner for horizontal telco cloud deployment
Dive deep into the insightful TelecomTV interview from MWC Barcelona featuring Odine, COO - Tarkan Alagoz, Turkcell, Director, Core Network Capabilities - Elif Yenihan Kaya , and Red Hat, Sales Telco Director, CEMETA - Ayham Alzaaim, as they discuss Turkcell's remarkable digital transformation journey powered by Odine and Red Hat.
Discover how this partnership is reshaping the telecom landscape:
Odine Pathfinder is now Container Ready!
We are delighted to share the exciting news that Odine Pathfinder, our high-performance telco-grade centralized routing server, has seamlessly transitioned to a CNF architecture! Following the successful completion of Red Hat certification programs, our application has earned its place within the Red Hat Ecosystem.
The transition underscores Odine's commitment to delivering cutting-edge solutions. ?
London 2024 GCCM Highlights
We would like to thank all our visitors at London 2024 GCCM. It was an enriching and enlightening event that delved into crucial topics such as Cutting-Edge Technological Developments and Services, The Powerful Potentials of Digital Fluency Transformation, and the transformative impact of new technologies on products and services. The insightful discussions and exchange of ideas further underscored the importance of innovation and adaptation in today's rapidly evolving landscape.?
Capacity Middle East 2024 Highlights
Capacity Middle East 2024 took place at Grand Hyatt Dubai from February 6 to 8, attracting 2,600 prominent ICT players from the Middle East region and beyond. Throughout the event, attendees engaged in insightful discussions on pivotal subjects such as network transformation, cloud, and SaaS markets, gaining valuable industry insights. The exchange of ideas and experiences fostered fruitful interactions, enhancing collaboration and innovation within the community. We express our sincere appreciation to all our visitors once again.
We had a great event and we look forward to seeing you at the next one!?
TRNC? Technology Communication Summit
Odine has participated in the TRNC Technology Communication Summit, held on January 17, 2024, in collaboration with the Communication Technologies Cluster (HTK) and the Cyprus Entrepreneurship and Technology Investment Association (G?TYAD). Taking part in the panel discussion titled 'Contribution of Local Technology Companies to the Telecommunications Technologies Ecosystem and Local Economy', we shared our experiences and Odine's solutions.
Firmly believing in the significant impact of such forums on the dissemination of technological advancements, we extend our sincere gratitude to all participants.
Sustainable Telecoms Transformation
Visit our website to learn more about our sustainable transformation methodology and discover how Odine can help you navigate the path to a brighter, more sustainable future.
Upcoming Events
Odine is exhibiting at the major telecom events and tradeshows around the globe.?
? Mobilefest 24' | 25 & 27 April
? PITA AGM 2024?| 29 April & 02 May
? ITW 2024 ?| 15 & 17 May