Turk Telekom to invest USD3.4m over next three years

15 Feb 2016

Former monopoly fixed line operator Turk Telekom (TT) plans to invest TRY10 billion (USD3.4 million) in a ‘digital revolution’ over the next three years, with TRY3.2 billion of this mooted to be spent in 2016, according to the Daily Sabah, citing the company’s CEO Rami Aslan speaking at a press conference. Commenting on TT’s TRY14.5 billion sale revenue for 2015 – up 7% from the previous year – Aslan noted: ‘We have exceeded our target numbers for 2015 and, therefore, will use this surplus to further the digitalisation of Turkey in ways which will cater to customer needs as well as Turkey’s local interests.’ TT estimates annual revenue for 2016 will see an increase of between 7% and 9%, with the operator’s long-term targets including connecting ‘every household to the fibre-optic network and [turning] Turkey into a digital hub in the region.’

As previously reported by TeleGeography’s CommsUpdate, last month TT announced the merging of its respective mobile and ISP brands Avea and TTNet under the unified Turk Telekom brand name, logo and website. The new logo is already in use, as is the single converged website grouping all fixed line, broadband, mobile and pay-TV service divisions. Avea and TTNet remain distinct legal entities as wholly owned subsidiaries of Turk Telekom.

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