Turk Telekom 1Q14 revenues up 1.6%; net income slumps 27.1%

6 May 2014

Turk Telekom has reported revenues of TRY3.195 billion (USD1.520 billion) for the three months ended 31 March 2014, up 1.6% compared to the TRY3.143 billion it booked in the same period a year ago. EBITDA for the first quarter increased 4.2% to TRY1.200 billion year-on-year, while net profit dropped 27% to TRY384 million, mainly due to the Turkish lira’s (TRY) depreciation against the US dollar (USD) and the euro (EUR). CAPEX for January–March increased 9.7% y-o-y to TRY279 million.

In operational terms, Turk Telekom’s broadband customer base rose to 7.4 million by 31 March 2014, up 4.2% from 7.1 million a year earlier; of these 682,000 customer accounts were said to be fibre-optic connections. By contrast, fixed PSTN subscriptions fell from 13.2 million to 12.2 million, a decrease of 7.8% y-o-y. Meanwhile, Turk Telekom’s mobile unit Avea saw its subscriber base grow 11.4% y-o-y to 15.3 million; of these, seven million were on post-paid plans, up by around one million on an annualised basis.

Turkey, Turk Telekom, Avea,

Subscribe

Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.

Subscribe to CommsUpdate

Feedback

Have feedback, corrections, or story ideas? Send them to editors@commsupdate.com.

Browse Past Issues

Filter

Filter CommsUpdate by the following categories or use the search.

Search

Visit our help page information on performing advanced searches, including how to restrict the results by country or company.

Advertise

CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.

Share