Türk Telekom ended 2020 as the second largest provider of pay-TV services in the Turkish market.
In its latest set of results, the company says that it had 1.5 million Tivibu Home subscribers. It added 18,000 Home subscribers in Q4 in total thanks to increased internet bundled Tivibu sales amidst resumed lockdowns. As a result, its Home ARPU grew by 16% year-on-year in Q4 and overall its TV revenue rose by 10% year-on-year in 2020.
The company notes that it entered the TV business with an IPTV service in 2010 and now provides services on all platforms, including DTH, mobile and the web. Looking ahead to this year, it adds that “2021 will be the year of transition and change for our TV product, with our focus on creating Turkey’s leading digital TV/OTT platform with rich content and innovative features”.
Türk Telekom had revenues of TL7,650 million (€886.2 million) in Q4, or 21.7% more than in the same period in 2019. Its EBITDA was TL3,546 million (+25.4%) and net income TL1,104 million (+102.8%).
