Vodafone Turkey highlights USD283m investment plan

8 Jun 2017

Vodafone Turkey’s CEO Colman Deegan has set out the mobile and fixed broadband operator’s investment plans, saying it will make an investment of more than TRY1 billion (USD283 million) in its group’s current financial year ending March 2018, according to a report in the Daily Sabah. Deegan claimed at a presentation that Vodafone was leading the Turkish 4G subscriber market a year after all three domestic cellcos launched LTE services simultaneously on 1 April 2016 (unconfirmed), whilst adding that the UK-backed company currently has ‘the largest 4.5G bandwidth in Turkey’, helped by its cumulative investment which has reached approximately TRY20 billion. The CEO also highlighted the company’s rapid fixed broadband subscriber growth – a 55% year-on-year increase to 562,000 users at the end of March 2017 – whilst mobile/fixed service revenues climbed 16% in the first quarter, with a 30% jump in EBITDA.

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