Turkcell increases subscriber base by 29 percent
Turkcell recorded a 29 percent increase in its overall customer base to 15.7 million as of December 31, 2002, from 12.2 million subscribers as of December 31, 2001. The overall subscriber base consisted of 4.7 million postpaid and 11 million prepaid subscribers as of year-end 2002.
Turkcell targets a modest growth in its subscriber base in 2003. However, further instability in the region, aggressive pricing by its competitors and potential change in Turkey's macroeconomic policies may impact Turkcell's business plan in 2003.
Turkcell, Turkey 's first mobile operator had revenues of $1.4million and adjusted EBITDA of $534.2 million as of this past September. The company gained 100 percent coverage of populated areas with more than 10,000 inhabitants in the same month. — (menareport.com)
© 2003 Mena Report (www.menareport.com)