Turkcell logs YTL 728 mln in profits despite financial crisis
Posted by meb at November 7th, 2008
Turkcell, Turkey’s leading GSM operator, increased its net profits in the third quarter by 39.7 percent to YTL 728 million over same period last year.
Turkcell’s revenue grew by 10.2 percent in the third quarter, amounting to YTL 2.46 billion, the company announced yesterday at a news conference.
The company’s consolidated monthly revenue per customer was YTL 20.6, a 4 percent increase over last year’s third quarter.
Turkcell CEO Süreyya Ciliv said the company grew significantly despite ongoing financial turmoil in global markets and increasingly tougher competition. Ciliv noted that the company, which has 36.3 million customers in Turkey and a total of 60 million worldwide, will continue to seek both domestic and foreign investments despite the crisis.
“The crisis will undoubtedly affect the Turkish market; however, we are not going to slow down but continue growing,” he said, adding that they were prepared against the negative effects of the crisis with $3.2 billion in cash.
Ciliv said Turkcell invested in all parts of Turkey and noted that they had opened two Turkcell call centers in southeastern and eastern Anatolia — one in Diyarbakır and the other in Erzurum.
“We are going to supply jobs to more than 1,000 people in Diyarbakır with the newly opened call center,” Ciliv said, adding that they already have the most employees of any company in Diyarbakır.
Noting that Turkcell will make the transition to the 3G network on Nov. 28, Ciliv said the company will benefit from the new mobile phone license. He said they are well prepared with their large infrastructure facilities. Turkish mobile phone users will have a wider range of more advanced GSM services once the 3G technology is launched in the country.
source: Today’s Zaman
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