Turkcell’s revenues climb 15.8% in 2020

22 Feb 2021

Turkcell reported that its consolidated group revenues increased by 15.8% in full-year 2020 to TRY29.104 billion (USD4.172 billion) including Turkish revenue which climbed 17.1% to TRY25.160 billion supported by strong ARPU performance, corporate projects and equipment sales on digital channels. Turkish consumer revenues increased 15.7% on the back of data and digital services usage, as well as residential fixed network growth; corporate revenues rose 23.5% (driven by digital business services growth of 30.1%); and wholesale revenues improved by 12.3%. Group EBITDA was up 17.7% in FY20 at TRY12.270 billion, leading to an EBITDA margin of 42.2% (up 0.7 percentage points year-on-year). Annual net income improved by 30.5% to TRY4.237 billion, positively impacted by TRY689 million deferred tax income registered by Ukrainian subsidiary Lifecell.

In Turkey, Turkcell’s mobile post-paid subscribers increased by 1.4 million y-o-y to 19.2 million at 31 December 2020, while pre-paid users fell by 900,000 to 11.5 million, and M2M connections grew by 200,000 to 2.8 million. Fibre broadband subscribers rose by 180,000 to 1.664 million, with ADSL users dropping by 1.6% to 708,000.

Turkey, Turkcell