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Türksat grows by nearly a third

June 1, 2022 10.58 Europe/London By Chris Dziadul

Türksat ended last year 1,331,000 subscribers to its cable TV services.

This, according to the company in its newly published annual report, was up from 1,285,000 a year earlier.

Meanwhile, the number of Kablonet subscribers increased from 1,117,000 to 1,183,000 million over the same period.

Türksat had net sales of TL3.43 billion (€194 million) and EBITDA of TL1.375 billion in 2021. Its net profit rose by more than 106% to TL1.650 billion.

Its revenues increased by 6.8%, cable revenues by 26.9% and IT revenues by 33.9% on an annual basis.

All told, it grew by 21.9% in 2021.

The company invested more than TL3 billion in 2021, of which TL495.1 million was allocated to fixed-line internet infrastructure.

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Filed Under: Newsline Tagged With: Turkey, Turksat Edited: 1 June 2022 10:58

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About Chris Dziadul

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