Turkcell FY13 revenues increase 8.6% y-o-y to TRY11.4bn

Istanbul-based telecoms group Turkcell has reported group revenue of TRY11.407 billion (USD5.206 billion) for the twelve months ended 31 December 2013, representing a 8.6% rise year-on-year. EBITDA increased 9.3% y-o-y to TRY3.544 billion, whilst net income jumped 11.9% from TRY2.079 billion in 2012 to TRY2.326 billion.

In its domestic market Turkcell reported a 0.3% annual increase in its mobile customer base, which climbed from 35.1 million to 35.2 million by 31 December 2013. The bulk of the net new additions were post-paid subscribers – up 6.1% to 14.0 million – whilst pre-paid subscriptions declined 3.2% to 21.2 million. Blended average revenue per user (ARPU) decreased 3.8% to TRY21.7 per month, while minutes of use jumped by 6.6% to 259.3. Meanwhile, the company’s fixed broadband subsidiary Superonline, which is in the process of rolling out a nationwide fibre-optic network, passed approximately 1.7 million homes at the end of 2013, and reported 570,000 subscribers at year-end, up 34.1% from 425,000 year-on-year.

Meanwhile, in Ukraine, Astelit, in which Turkcell owns a 55% stake, ended the quarter with 9.2 million ‘active’ subscribers, up from 8.0 million a year earlier, with the unit’s total subscriber base rising 1.5 million to 12.6 million. Fintur, which has interests in wireless operators in Kazakhstan, Azerbaijan, Moldova and Georgia, and in which Turkcell owns a 41.45% stake, ended December with 21.5 million customers, up 1.4% year-on-year.