06 December 2021

Turk Telekom has earned revenues worth US$2.4bn in January - September 2021 and achieved 18% growth to exceed the expectations for the third quarter.

The company’s net profit amounted to US$484m, while its investment expenditures increased to US$443m in the first nine months of 2021.

Turk Telekom’s investment target increased to US$897m and the investments will mainly be made in a fibre network, which it sees as a powerful tool for future technologies.

Furthermore, the total number of subscribers rose to 51.4 million in the reported period, with a 12-month net subscriber gain of 1.9 million.

“We are happy to see once again the strengths of our financial and operational results underline our history, experience, investment decisions, human capital, and application competencies,” said Turk Telekom CEO Umit Onal. “We are determined to complete the digital transformation for our country and to make Turkey a pioneer in the 5G journey.”

Onal added that fixed broadband continued to be the driving force of growth in the third quarter with its 29% revenue growth.

“Digitalisation fuels the demand for technology and communication services, leading to a permanent transformation in consumer behavior,” he said.