What is the current status of the potential asset sale of the minority stake in Paycell, and when can we expect official news regarding this sale
rom the government with respect to the 5G timeline. Meanwhile, we continue our preparation for the 5G and we are ready to get 5G spectrum and license. And also, as a recent development, we are working very hard on the preparation of 5G. And in June, we launched commercial 5G app on roaming services, so that Turkcell subscribers can now use 5G services in 29 countries. Overall, we don't have any official timeline for 5G. However, we already have a strong 4.5G network, which we believe is the 5G transition. Our extensive tests with the different partners on different use cases will also help us to offer a quality 5G service going forward.
Regarding capex side of the 5G, as I said, we don't have clear schedule for the 5G auction. And obviously, when you wait more, your capex demand decrease, because the cost of equipment by nature of the technology decrease. So, we'll see what's going to happen, but obviously the announcement is there, Not official announcement, but it's an announcement. Regarding electrical vehicle project, our capital commitment to the -- to this project is around EUR115 million. So far, we have invested around EUR25 million already. So, going forward, we will continue to release its capital during the project phases, and depends on where we need, when we need, it really depends on the project plan and the progress of the EV company.
Degtyarev Vyacheslav -- Goldman Sachs -- Analyst
Thank you. Can you maybe elaborate on the synergies you see with Turkcell?
Murat Erkan -- Chief Executive Officer
Regarding synergy, it's -- e-mobility is everywhere. So, when we joined this partnership, the TOGG partnership, everyone was thinking that why telco operator joining this EV consortium. But everybody right now, since that e-mobility is trend, the connectivity, entertainment and the car without driver is very important, which needs high speed, low latency and strong customer engagement. So that's the main reason that we have synergies. So Turkcell and TOGG can have lasting together, including smart-living solution in smart city, smart charging, data-based business model, suppliers and partners with no competencies and so on. There are integrated digital services and payment. Payment is very important as well, charging solution and infrastructure, IoT is there. So, there are many, many things may come during the road map, but we'll see what we can help on this side. But I think clearly, Turkcell has vision to finalize this synergy.
Degtyarev Vyacheslav -- Goldman Sachs -- Analyst
Thank you very much.
Operator
[Operator Instructions] Our next question is from the line of Mandaci Ece with UNLU Securities. Please go ahead.
Mandaci Ece -- UNLU Securities -- Analyst
Hi. Thank you very much for the presentation. I have a couple of questions. The first one is on your hedging and FX costs. Compared to the last two years average, we are seeing a higher level FX loss -- net FX loss, when we also include the fair value adjustments. So the currency and fixed rates were also volatile in the previous quarter. So what else has changed specifically for this quarter? Is this TRY518 million FX loss, is there any one-offs in that? Or is this the new base now? Should we consider such a number as quarterly FX losses going forward? And secondly, I want to also ask about your deferred income you have generated for this quarter due to accounting change. Is this also one-off or, we will -- will we going to see such effects in the coming quarters? And thirdly, two days ago there was the emerging market news that you were in talks or started the process for the sale of stake sale in Paycell, minority stake sale in Paycell. Could you also provide your prospects regarding the potential asset sale, and when this could be official or when we should expect such news? So, thank you very much.
Murat Erkan -- Chief Executive Officer
Ece, thank you very much. Let me ask -- let me give the floor to our CFO, Osman, to answer all three questions, and then maybe I can comment at the end of the -- his comment.
Osman Yilmaz -- Executive Vice President-Finance
rom the government with respect to the 5G timeline. Meanwhile, we continue our preparation for the 5G and we are ready to get 5G spectrum and license. And also, as a recent development, we are working very hard on the preparation of 5G. And in June, we launched commercial 5G app on roaming services, so that Turkcell subscribers can now use 5G services in 29 countries. Overall, we don't have any official timeline for 5G. However, we already have a strong 4.5G network, which we believe is the 5G transition. Our extensive tests with the different partners on different use cases will also help us to offer a quality 5G service going forward.
Regarding capex side of the 5G, as I said, we don't have clear schedule for the 5G auction. And obviously, when you wait more, your capex demand decrease, because the cost of equipment by nature of the technology decrease. So, we'll see what's going to happen, but obviously the announcement is there, Not official announcement, but it's an announcement. Regarding electrical vehicle project, our capital commitment to the -- to this project is around EUR115 million. So far, we have invested around EUR25 million already. So, going forward, we will continue to release its capital during the project phases, and depends on where we need, when we need, it really depends on the project plan and the progress of the EV company.
Degtyarev Vyacheslav -- Goldman Sachs -- Analyst
Thank you. Can you maybe elaborate on the synergies you see with Turkcell?
Murat Erkan -- Chief Executive Officer
 Regarding synergy, it's -- e-mobility is everywhere. So, when we joined this partnership, the TOGG partnership, everyone was thinking that why telco operator joining this EV consortium. But everybody right now, since that e-mobility is trend, the connectivity, entertainment and the car without driver is very important, which needs high speed, low latency and strong customer engagement. So that's the main reason that we have synergies. So Turkcell and TOGG can have lasting together, including smart-living solution in smart city, smart charging, data-based business model, suppliers and partners with no competencies and so on. There are integrated digital services and payment. Payment is very important as well, charging solution and infrastructure, IoT is there. So, there are many, many things may come during the road map, but we'll see what we can help on this side. But I think clearly, Turkcell has vision to finalize this synergy.
Degtyarev Vyacheslav -- Goldman Sachs -- Analyst
Thank you very much.
Operator
[Operator Instructions] Our next question is from the line of Mandaci Ece with UNLU Securities. Please go ahead.
Mandaci Ece -- UNLU Securities -- Analyst
Hi. Thank you very much for the presentation. I have a couple of questions. The first one is on your hedging and FX costs. Compared to the last two years average, we are seeing a higher level FX loss -- net FX loss, when we also include the fair value adjustments. So the currency and fixed rates were also volatile in the previous quarter. So what else has changed specifically for this quarter? Is this TRY518 million FX loss, is there any one-offs in that? Or is this the new base now? Should we consider such a number as quarterly FX losses going forward? And secondly, I want to also ask about your deferred income you have generated for this quarter due to accounting change. Is this also one-off or, we will -- will we going to see such effects in the coming quarters? And thirdly, two days ago there was the emerging market news that you were in talks or started the process for the sale of stake sale in Paycell, minority stake sale in Paycell. Could you also provide your prospects regarding the potential asset sale, and when this could be official or when we should expect such news? So, thank you very much.
Murat Erkan -- Chief Executive Officer
 Ece, thank you very much. Let me ask -- let me give the floor to our CFO, Osman, to answer all three questions, and then maybe I can comment at the end of the -- his comment.
Osman Yilmaz -- Executive Vice President-Finance