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Mixed fortunes for Türk Telekom

August 9, 2022 12.34 Europe/London By Chris Dziadul

The Turkish incumbent Türk Telekom ended the second quarter with 1.5 million TV Home subscribers.

This, according to the company in its latest results, was unchanged on three months earlier.

Meanwhile, the number of fixed broadband subscribers inched up to 14.6 million, with slower quarterly net additions of 87,000 amid normalisation and price revisions. Broadband ARPU growth of 19.1% year-on-year was significantly higher compared to both Q1 22 and Q2 21 levels.

Fibre subscribers reached 10.7 million with 387,000 quarterly net additions. The number of FTTC subscribers reached 7.6 million, while the number of FTTH/B subscribers rose to 3.1 million. The share of fibre subscribers in the telco’s fixed broadband base increased to 73.5% from 58.5% a year earlier.

Türk Telekom’s fibre cable network length increased to 381,000 km as of Q2 22 from 372,000 km as of Q1 22 and 345,000 km as of Q221. Its fibre network covered 30.8 million households as of Q2 compared to 30.6 million as of Q122, reflecting the continued focus on fibre rollouts. FTTC homes passed stood at 21.4 million, while FTTH/B homes passed increased to 9.4 million.

The total number of Türk Telekom subscribers remained flat at 52.2 million, with 53,000 net subscriber additions in Q2. The increase in fixed broadband and mobile bases was largely offset by a decline in fixed voice. Net subscriber additions were 1.5 million during the last 12 months.

The telco’s consolidated revenues increased by 31.2% year-on-year to TL10.7 billion (€584.5 million). EBITDA rose to TL4.4 billion with an EBITDA margin of 41.0%.

Net income of TL1.4 billion grew by 9.4% year-on-year.

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Filed Under: Newsline Tagged With: Türk Telekom, Turkey Edited: 9 August 2022 12:34

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About Chris Dziadul

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