Turksat saw its revenues rise by 40.7% to TL2.5 billion (€245.3 million) in 2020.
In a statement, the company says that its cable business had, at TL986 million, the highest share (39.5%) of revenues.
Cable service revenues were in fact 29.4% higher than in 2019, when they amounted to TL762 million.
Meanwhile, satellite service revenues in 2020 were TL844 million and claimed a share of 33.8%., and IT revenues TL665 million and a share of 26.6%.
Turksat notes that the value of its fixed assets in 2020, especially Turksat 5A and 5B increased by 38% to TL6.3 billion.
Its total liabilities related to the financing of the two satellites increased by 52.2% to TL3.4 billion.
On a sectoral basis, satellite services accounted for the highest EBITDA (TL630 million), followed by cable (TL356 million) and IT services (TL101 million).
Satellite services also had the highest EBITDA margin at 74.6%.