Turk Telekom Q3 revenues grow 13.3% to TRY3bn

19 Oct 2011

Turk Telekom has reported revenues of TRY3.06 billion (USD1.64 billion) for the three months ended 30 September 2011. This figure represents an increase of 13.3% compared to the same period a year earlier. Operating profit for the third quarter increased 3.4% from TRY885 million to TRY916 million year-on-year, while Turk Telekom reported net income of TRY359 million in 3Q11, down 51.7% year-on-year, partly due to the depreciation of the lira against the euro and the dollar. CAPEX for July – September increased 99.5% year-on-year, reaching TRY621 million. The telco credits the improved figures to solid growth from its broadband and mobile units, supported by successful cross-selling activities.

In operational terms, Turk Telekom’s broadband customer base rose to 6.8 million by 1 October 2011, an increase of 6.5% year-on-year. In contrast, fixed PSTN lines fell to 15.5 million, down 4.4% year-on-year. Turk Telekom’s mobile unit Avea saw its subscriber base grow 9.6% year-on-year to 12.5 million; of these, seven million were on pre-paid plans, up 2.2% year-on-year. Post-paid subscribers drove growth however, increasing 20.6% y-o-y to 5.5 million.

Turk Telekom Group CEO Hakam Kanafani commented: ‘I am excited to announce another quarter of strong financial and operational performance. This is a continuation of our success in the first half of 2011 and a promising note for the full year results … Both our fixed line and mobile businesses contributed to this success showing double digit revenue growth y-o-y with promising profitability levels in the first nine months … Our mobile arm Avea showed an outstanding operational performance and reached record quarterly revenues of TRY816 million in the third quarter in spite of strong competition … Our retail ISP TTNET introduced a new quad play package offering fixed internet, mobile 3G internet, TV, and free Wi-Fi access to its millions of customers. This quad play offer ‘HEPNET’, allows customers to select limited or unlimited ADSL capacities in addition of 4GB capacity for 3G. TTNET also introduced a new campaign where customers can try internet free for two months before becoming a committed subscriber’.

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