Turkcell, Turkey’s biggest mobile operator, recorded strong yearly performance on both financial and operational results in Turkey. Combined with perfect governance and, a diversified business model, Turkcell Group revenues were up 23.4% supported by upselling efforts, price adjustments and subscriber growth as well as the contribution of the techfin business, international operations, and equipment sales.
A robust performance for Turkcell
Thanks to the robust operational performance in all of our services that meet changing customer needs, we achieved strong financial results in 2021 and exceeded our guidance, which we have upgraded each quarter stated Turkcell Group CEO and Turkcell Turkiye General Manager Murat Erkan in a statement regarding the 2021 yearly results.
“Rising 23.4% year-on-year, consolidated revenues reached TRY35.9 billion and EBITDA1 rose by 22.4% to TRY15.0 billion. Thanks to our solid balance sheet, prudent risk management approach, and robust performance in all of our operations, net income reached TRY5.0 billion rising 18.7% year-on-year. Despite the depreciation of the Turkish lira, we managed to keep our operational capex2 to sales ratio at 21.2% as planned.
Changing consumer habits have revealed the need for higher capacity and greater internet speed, which in turn have enabled us to upsell to higher tariffs. Thanks to these factors, we recorded 2.7 million yearly net additions, marking a record high of the past 14 years. We recorded 1.7 million postpaid and 503 thousand prepaid subscribers, making for a net of 2.2 million mobile subscribers. The share of our postpaid subscribers in the total mobile base rose to 66.4%. Accelerating towards the end of the year, mobile blended ARPU (excluding M2M) increased 17.8% in the fourth quarter and 13.4% in 2021 overall mainly on upselling to higher packages, an expanding postpaid subscriber base and rising data and digital services usage” said Erkan.
Positive in all manners