Turk Telekom 1Q13 revenues increase 6.2%

Turk Telekom has reported revenues of TRY3.14 billion (USD1.75 billion) for the three months ended 31 March 2013, up 6.2% compared to TRY2.96 billion it booked in the same period a year ago. Operating profit for the first quarter dropped from TRY817 million to TRY712 million year-on-year (-16.3%), while the company posted a net profit of TRY526 million, down 12.2% from TRY772 million in 1Q12. CAPEX for January–March decreased to TRY254 million from TRY401 million a year earlier.

In operational terms, Turk Telekom’s broadband customer base rose to 7.1 million by 1 April 2012, up 0.6% from seven million a year earlier. By contrast, fixed PSTN subscriptions fell from 14.7 million to 13.2 million, a decrease of 9.7% y-o-y. Meanwhile, Turk Telekom’s mobile unit Avea saw its subscriber base grow 6.2% year-on-year to 13.7 million; of these, 7.7 million were on pre-paid plans, up by around half a million on an annualised basis.