4:35, Friday, May 02, 2025  
Home Page  
News  
Sigorta  
Road Map  
Tourism Packages  
Asistans News   
Assistance Service  
About Us  
Contact  
 
 


Please submit your e-mail address to get the latest news

Turkcell head says company to invest 1 billion lira in second half of 2011
  05.08.2011


General Director of Turkey´s GSM Operator, Turkcell, said on Thursday that the company was planning to invest one billion lira in technology and infrastructure in the second half of 2011.



 


"Turkcell also plans to employ 2,000 more people in call centers," Director General Sureyya Ciliv told a news conference in Istanbul while making public Turkcell's second quarter financial results for 2011.

Ciliv said the company experienced a shrinkage in the first quarter of the year over the same period of 2010, "growth was put on the right track again in the second quarter," he said.

He said company revenue increased 8 percent in the second quarter of the year and amounted to 2.2 billion lira.

There was 21 million lira loss in the second quarter net profit of Turkcell Group because of the 70 percent devaluation in Belarus.

Turkcell's group revenue amounted to 4.4 billion lira in the second half of 2011, and net profit in the first half of the year was 309 million lira.

There was increase in number of subscribers after a long time. Number of total subscribers increased to 34.1 million.

Mobile internet income of the company increased 55 percent annually and mobile internet and service revenues became 462 million lira.

"The company thinks its growth will accelerate in the second half. We plan to invest one billion lira to technology and infrastructure in the second half of 2011 and create job opportunities to 2,000 people in call centers in Anatolia.

Turkcell, Turkey's biggest GSM operator, declared 330 million Turkish lira-TL (197.8 million USD) net profit in the first quarter of 2011. Turkcell's income in the first quarter was posted as 2.1 billion TL (1.25 billion USD).

Turkcell is the leading communications and technology company in Turkey with 33.9 million postpaid and prepaid customers and a market share of approximately 55 percent as of September 30, 2010. Turkcell reported nearly 1.5 billion USD net revenue for the period ended September 30, 2010 and its total assets reached about 10 billion USD as of September 30, 2010.

Recently, Turkcell Europe --Turkcell's one hundred percent subsidiary and the third biggest mobile operator of Europe-- initiated Germany operation. It began sales in 200 places in Germany as of April 4, 2011.

  
  

Source : en.cumhuriyet.com
Hit : 783


Strategic Market Intelligence: General Insurance in Turkey – Key Trends and Opportunities to 2022
Africa a priority market for Turkish health care tourism
Turkish economy grows 4 percent in 2015
Turkey s new central bank chief signals simpler policy
Turkish inflation drops to 3 year low
Turkey s Central Bank cuts overnight lending rate
The 3rd edition of the XPRIMM Turkey Insurance Profile launched at the 7th International Istanbul Insurance Conference
Insurance contract may be made electronically
Agencies will not use insurance on their name
Fitch has announced Turkish insurance industry report
Turkey s Halkbank pension and insurance sale, sources say
Turkey launches new health data system
Turkey: Achieving a transition to a new economy
New Milan expo displays best of Turkish culture
Turkey s insurance sector strengthens as investor confidence grows
Turkeys insurance sector posts 6.4 pct growth
Turkish Halk insurance units privatisation tender details unveiled
Turkey´s economic star continues to shine
Turkey more than doubles exports in last decade
Ministry of Health offers services in six languages
Foreign investment in Turkey worth $10b in 2014
Incentives to boost birth rate to cost Turkey $400 mln
Fitch upgrades Turkey s growth forecasts
Turkish tourism yield on rise

 
Medasist International - Copyright 2005