Turkcell posted 2020 Q1 results, revenues 17% up

Revenues increased 17% and reached TL 6.65 billion. Here are some highlights below

Turkcell announced 2020 Q1 financial and operational results. Turkcell, Turkey’s #1 operator by numbers, increased the revenues 17.3% YoY, reaching TL 6.65 billion (~USD 1.03 billion).

Below I compiled some highlighs from the operational performance of Turkcell:

– Turkcell added net 614.000 subscribers quarterly, reflecting Turkcell’s commitment to the target of 1 million net subscriber additions per year over the next three years.By the end of quarter, Turkcell has 36.3 million subs.

-Double-digit residential fiber ARPU growth of 13.4% YoY.

-Turkcell added 76.000  Superbox subscribers, reaching at 400.000 quarterly. Superbox is Turkcell’s innovative product allowing users to get fiber Internet speeds starting from 20 mbps.The product has a SIM card and connecting to Internet through Turkcell’s mobile network.

– Digital services revenues on a stand-alone basis grew by 29% year-on-year.

– Average mobile data consumption of 4.5G users reached 12.9 GB in March.

– Paycell, Turkcell’s techfin payment platform, registered its all-time-high transaction volume growth of 146% in March on annual basis.

-Being Turkcell’s consumer finance company, Finanscell’s revenues were at TRY163 million (TRY242 million in 2019 Q119) in Q120. Revenues were effected by contraction in the consumer loan portfolio, which declined from TRY3.6 billion as of Q119 to TRY2.1 billion as of Q120. The reason for the decrease mainly the installment limitation on consumer loans for telecom devices.

– Around 1,600 companies already using Turkcell’s data center services.

– The number of 4.5G compatible smartphones on Turkcell’s network increased to 20.4 million on 1.2 million quarterly additions in Q120, comprising 89% of smartphones on the company’s network. Total smartphone penetration, now, reached 78%.

Image: Murat Erkan, Turkcell CEO

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