Posts filed under ‘Turkey’
Turkey’s leading mobile operator by subscribers, Turkcell, has reported revenues of USD1.28 billion for the first quarter of 2009, an 18.5% year-on-year decline attributed by the cellco to depreciation of the Turkish lira against the US dollar. EBITDA for the three months ended 31 March fell by 18.2% to USD472 million, compared to USD577 million in the same period a year earlier. Net income was down 29.3% to USD344.2 million from USD486.8 million in 1Q 2008. ‘I am very pleased that Turkcell’s technology leadership, improved efficiency and customer focus resulted in solid financial results in the first quarter of 2009 despite the global economic downturn,’ Turkcell CEO Sureyya Ciliv said, ‘We plan to build on our strengths in technology, efficiency, and customer service. We are particularly excited about launching 3G services in Turkey within three months.’ The company added 1.3 million net new customers in the quarter, with 36.4 million users at the end of March.
Mobile phone sales in Turkey are being hit by the global economic downturn, the semi-official Anatolia news agency reports. Recep Uzelli, chairman of the executive board of Teleses, a solution partner of GSM operator Turkcell, is quoted as saying: ‘In 2007, 11,488,000 mobile phones were sold in Turkey. An average of 957,000 mobile phones were sold every month. But in January this year, only 700,000 mobile phones were sold.’ He added: ‘In the past two months, imports of mobile phones dropped by 40% in Turkey.’
Turkcell, Turkey’s largest mobile operator in terms of subscribers, has reported that it attracted 650,000 net new customers in the final three months of 2008, taking its total user base to 37 million. Rival operator Avea said on Friday that it had gained 244,000 net new subscribers since the implementation of mobile number portability (MNP) in mid-November, meaning that the country’s other cellco, Vodafone, has been the big loser since MNP was introduced; it saw customer numbers fall from 17.36 million at end-September to 16.72 million three months later.
Turk Telekom announced, in a statement to the Istanbul Stock Exchange, that an investment mandate decision had been agreed at a board meeting earlier this week, reports Reuters. ‘The decision was reached for the extraordinary general meeting… to mandate the management board for any kind of company purchases for up to USD1 billion within 2009,’ the company said. The extraordinary general assembly is scheduled to meet on 25 February. Although the operator did not reveal any particular acquisition targets, the company did submit a preliminary, non-binding bid for the Macedonian wireless operator Cosmofon last month.
In other news, Turk Telekom’s wireless subsidiary Avea announced this week that it had gained a net 244,000 subscribers since number portability was introduced in Turkey. Science Technologies and Communication Council (BTK) President Tayfun Acarer announced that 1.3 million subscribers have attempted to take advantage of number portability, which requires cellcos to allow customers to keep their phone numbers when switching to a different service provider, since it was introduced on 10 November 2008.
Vodafone Turkey has contracted Chinese vendor Huawei Technologies to provide equipment for its 3G network rollout. ‘We signed a five-year agreement with Huawei, which we believe will offer the best technical solution for 3G,’ Ian Gray, head of Vodafone Turkey, said in a statement which was quoted in a Reuters’ report. Vodafone, plus rivals Turkcell and Avea, won 3G licences in Turkey earlier this month.