Turk Telekom 3Q14 revenues up 4.4% y-o-y to TRY3.5bn

4 Nov 2014

Turk Telekom has reported revenue of TRY3.512 billion (USD1.574 billion) for the three months ended 30 September 2014, up 4.4% year-on-year. EBITDA increased 4.4% to TRY1.362 billion, while operating profit for the third quarter edged up 0.7% on an annualised basis, to TRY869 million. Meanwhile, net profit (before minority interest) jumped 35.2% from TRY229 million to TRY310 million in the period under review, chiefly due to ‘less severe foreign exchange conditions’ compared to the year-ago period. CAPEX for the third quarter of 2014 decreased 20.7% to TRY511 million.

In operational terms, Turk Telekom’s broadband customer base rose 4.4% to 7.5 million by 1 October 2014, of which 715,000 were said to be fibre-to-the-home (FTTH) customers, an annual increase of 60.4%. Meanwhile, the telco’s mobile unit Avea saw its subscriber base grow 15.0% y-o-y to 16.2 million; of these, 7.6 million were on post-paid plans, up 21.6% y-o-y. Finally, the number of Turk Telekom fixed voice subscribers fell 8.3% y-o-y to 11.7 million.

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