Turk Telekom confirms wireline investments

The CEO of Turk Telekom (TT) has confirmed that the company is sticking to its investment goals for fixed line services in 2009, with an expected spend of around TRY1.3 billion (USD799 million). Paul Doany told Bloomberg in an interview that the telco is hoping to see a 10% rise in overall revenues in 2009, with sales of high speed internet services up 20% and mobile revenues up 25%. The projected investments for 2009 do not include funds for TT’s cellular subsidiary Avea, which must pay USD334 million this year for the 3G licence it was awarded in 2008. TT is Turkey’s dominant fixed line and internet operator, while Avea holds third place in the mobile market.