Turk Telekom 2Q13 revenues reach TRY3.4bn

19 Jul 2013

Turk Telekom (TT) has reported revenues of TRY3.358 billion (USD1.751 billion) for the three months ended 30 June 2013, up from TRY3.182 billion in the same period a year ago. The company’s wireless unit Avea accounted for the lion’s share of sales (TRY1.010 billion), with wireline services and broadband activities weighing in with TRY849 million and TRY838 million, respectively. Meanwhile, TT’s EBITDA for the second quarter dropped from TRY1.272 billion to TRY1.252 billion year-on-year, with the company reporting operating profit of TRY811 million, down from TRY840 million in 2Q12. CAPEX for April–June decreased from TRY656.2 million to TRY471.2 million, with the bulk of the funds (TRY360.0 million) spent on the company’s fixed line business.

In operational terms, TT’s broadband customer base rose to 7.1 million by 1 July 2013, up from seven million a year before. In contrast, fixed PSTN lines dropped from 14.3 million to 13.0 million. Meanwhile, Avea saw its mobile subscriber base grow to 13.9 million in the twelve months ended 30 June; of which 7.8 million were on pre-paid plans.

Turkey, Turk Telekom