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Turk Telekom loses TV subs but doubles profit

August 14, 2020 12.45 Europe/London By Chris Dziadul

Turk Telekom ended the second quarter with a total of 3,285,000 subscribers to its TV services, including Tivibu Go.

According to the company’s latest set of results, this was down from 3,623,000 in the corresponding period last year.

Meanwhile, its Tivibu Home subscriber total fell from 1,668,000 to 1,547,000 over the same period.

Home ARPU nevertheless increased from TRY15.9 (€1.83) in Q2 2019 to TL19 in the second quarter this year.

Turk Telekom performed better in other areas, with the number of fixed broadband subscribers, for instance, increasing from 11.1 million to 12.2 million in the year to June 30.

The company as a whole had revenues of TRY6,969 million in Q2, up from TRY5,760 million a year earlier.

EBITDA was TRY3,237 million (TRY2,681 million) and net profit TRY980 million (TRY435 million).

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Filed Under: Newsline Tagged With: Türk Telekom, Turkey Edited: 14 August 2020 12:45

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