(MENAFN- AzerNews)
By News Centre
Türk Telekom, the architect of Turkey's digital future with its
investments reflecting its innovative solutions and technological
know-how in all areas of life, announced its financial and
operational results for the second quarter of 2024.
Directing the vision of a Turkey that produces and exports
technology with its pioneering activities, Türk Telekom increased
its consolidated revenues by 5% in real terms on an annual basis to
63.2 billion TL in the first half of 2024, demonstrating a
performance in line with the expectations for the first half of
2024.
Continuing to receive positive outcomes from its strategies in
the mobile field with its customer satisfaction-focused work and
investments, Türk Telekom reached a historical record level with
over 1.9 million mobile postpaid net subscriber gains in the last
twelve months.
Türk Telekom, which has covered all 81 provinces of Turkey with
end-to-end fiber networks, increased its fiber infrastructure
length to 449 thousand km as of the second quarter of 2024. While
the fiber network reached 32.4 million household coverage in the
second quarter of 2024, Türk Telekom, which has a fiber-connected
LTE base station rate of 52%, announced that it has started the
Fiber Mobility era.
Türk Telekom CEO Ümit Önal said,“A new concept is now entering
our lives and we are starting the Fiber Mobility era. We are
becoming the pioneer of the Fiber Mobility era by transferring our
power in the fiber field to mobile. Fiber Mobility is indispensable
for having fiber in all cities of Turkey, not just one or two. Türk
Telekom mobile customers are still benefiting from the
opportunities of this technology. We will all see this benefit more
clearly after switching to 5G. The world average of fiber-connected
mobile base stations is expected to be 50% in 2030, while this rate
is 52% for us today. We have a very strong hand both today and when
5G is put into use.”
Türk Telekom announced its financial and operational results for
the second quarter of 2024. Türk Telekom, whose consolidated
revenues increased by 5 percent in real terms on an annual basis to
63.2 billion TL with its strong performance in the first six months
of the year, saw its EBITDA increase by 22.2 percent in real terms
on an annual basis to 23.9 billion TL . EBITDA margin improved by
530 basis points compared to the same period last year, reaching
37.8 percent. Türk Telekom's net profit in the first half of 2024
accelerated rapidly compared to the same period last year,
including the effects of the earthquake, and reached 2.5 billion
TL. Türk Telekom, which maintains its 2024 forecasts, is confident
that its performance will help it comfortably reach its forecasts
with further improvement in the last six months of the year.
As the leader of Turkey's digital transformation, Türk Telekom's
total subscriber count reached 52.6 million as of the second
quarter of 2024, and as a result of its ongoing efforts to provide
high-speed internet in every corner of Turkey, the length of its
fiber network increased to 449 thousand kilometers. The fiber
network, which covered 32.2 million households as of the first
quarter of 2024, reached coverage of 32.4 million households in the
first half of 2024.
Türk Telekom CEO Ümit Önal, who evaluated the financial and
operational results for the second quarter of 2024, said,“In the
first half of 2024, our total subscriber count reached 52.6
million. The total subscriber count in our fixed internet product
increased by 1.8% on an annual basis and reached 15.2 million. Our
total fiber subscriber count reached 13.2 million with a net
subscriber gain of 969 thousand in the last 12 months. In mobile,
we increased our subscriber count to 26.3 million. We achieved a
record net subscriber gain of 1.9 million in postpaid lines in the
last 12 months. In the first half of 2024; we increased our
consolidated revenues by 63.2 billion TL in real terms compared to
the same period of the previous year. EBITDA was realized as 23.9
billion TL with a solid increase of 22.2% compared to the same
period of the previous year, and the EBITDA margin was 37.8%. Our
net profit for the first six months of 2024 accelerated rapidly
compared to the same period of the previous year, which included
the earthquake effects, and reached 2.5 billion TL. The total
investment we have made since 2005 for the digitalization of our
country has reached 20.7 billion USD. We are involved in every move
that will carry our country forward in the technology race. In the
upcoming period, we will continue to be the flag bearer of our
country's technology exports with our activities in every field,
from digital to infrastructure, from fiber to mobile, from customer
experience to enterprises, with all our strength ,” he said.
“We are starting the era of fiber mobility”
Noting that they have knitted all 81 provinces with end-to-end
fiber networks with the understanding of“Not just in one city but
in every city of the country” , Türk Telekom CEO Ümit Önal said,
“We are bringing together not one or two cities of Turkey but all
cities with our strong infrastructure. As of the first half of
2024, our fiber network length has increased to 449 thousand km,
while our fiber household coverage has reached 32.4 million.
According to the fiber development report published annually by the
FTTH Council, our country ranks second in Europe in fiber household
coverage. Our postpaid subscriber increase in mobile continues to
break records. A new concept is now entering our lives and we are
starting the Fiber Mobility era. We are becoming the pioneer of the
Fiber Mobility era by transferring our strength in the fiber field
to mobile. Having fiber in all cities of Turkey is indispensable
for fiber mobility. Türk Telekom mobile customers still benefit
from the opportunities offered by this technology today. We will
all see this benefit more clearly after the transition to 5G.
According to Ericsson's study; "The ratio of mobile base stations
connected to fiber is expected to be 50% globally by 2030, while
52% of our LTE base stations are already connected to fiber. We
have a very strong hand both today and when 5G comes into use. We
are very excited for this new era, the effects of which we will all
experience together," he said.
Industry leader in mobile postpaid subscriber acquisition
Underlining that they have made significant progress in mobile
and emphasizing that mobile makes the greatest contribution to
revenue growth, Önal said,“With our customer satisfaction-focused
approach and investments, we continue to receive positive outcomes
from our sustainable strategy in mobile. Mobile postpaid net
subscriber gains exceeded 1.9 million in the last twelve months,
reaching a new historical record level. With this performance we
demonstrated in the same period, we became the sector leader in
mobile postpaid subscriber gains. The impressive 20% increase in
mobile segment revenues similarly stemmed from a 2.4% average
subscriber growth as well as a strong 14.8% ARPU growth, and we
also achieved sector leadership in ARPU growth. As a result of our
investments, we continue to strengthen our position in mobile in
terms of coverage and capacity day by day. We had a strong quarter
in mobile in every sense. The solid steps we have taken to manage
our business processes, shape the sector and increase customer
satisfaction constitute the main factors that pulled our first half
performance in mobile upwards. With these gains, which are the
result of our investments and accumulation over many years, we will
continue to grow our mobile business line even further.“We have
tripled our frequency ownership after the 4.5G tender. We are the
market leader in the frequency per subscriber, which is important
for speed, and in the 1800 Mhz frequency ownership, which is also
critical for 5G. With our high-quality infrastructure and customer
experience-focused strategy, we are very ambitious in the mobile
business line as well as in fiber. We aim to increase our market
share by continuing our strong growth momentum in this area,” he
said.
“The solutions we produce are used around the world”
Önal, who stated that they lead Turkey's vision of becoming a
country that produces and exports technology with intensive R&D
studies and collaborations that strengthen the local ecosystem,
said,“As Türk Telekom, we are building Turkey's digital future
with our fiber and mobile networks, investments, and technology
solutions. We are not only offering the latest technologies to our
country at the same time as the world, but also working with all
our might to export technology by focusing on production and
innovation. We have further increased our activities in this field
in order to become the technology carrier of not only our country
but also the region. We have taken concrete and important steps in
this regard in the first six months of 2024. The number of
international patents of our group companies Argela and Netsia in
the field of 5G and new generation broadband technologies has
reached 71. We are the first operator in the world to use Netsia's
SEBA solution, which enables more efficient management of new
generation fiber networks with artificial intelligence, on a live
network. Our services, which we have integrated with SEBA, have
exceeded 100 thousand homepasses. It has also started to be tested
by leading operators in England, Germany, Brazil, and Taiwan. "We
even made our first sale to Germany," he said.
“Türk Telekom's infrastructure is Turkey's
infrastructure”
Önal said,“Türk Telekom means Turkey; we have repeatedly stated
that 'Türk Telekom's infrastructure is Turkey's infrastructure'.
There are those who insistently do not want to understand this
fact. They have no other goal than commercial concerns. We are
acting with the aim of taking fiber to every part of the country
from the westernmost tip of our country to the easternmost tip,
from the northernmost tip to the southernmost tip, to serve our
people and nation. We have brought up many times that everyone
should use this infrastructure that we have established and
developed within the framework of our country's digital
transformation vision. Today, there is fiber in Gökçeada, the
westernmost tip of our country, and in Iğdır, the easternmost. Our
service area is not limited to the centers of big cities only. In
other words, we are not only in profitable places, we are in
profitable places. However, we are on our own at most points.
Moreover, we are not only on land. We are also in the seas with our
submarine fibers that connect Turkey to each other and to the
world. If you ask how all this happens, it happens with investment!
I say it with pride, we are the company that invests the most in
every field in our sector .”
“We are the most ready operator for 5G with our
unrivaled fiber power”
Reminding that they have carried out pioneering work on
innovative technologies, Önal stated that they have already carried
out many works that have attracted attention in the 5G field such
as the first live 5G match broadcast; the first online remote
surgery supported by 5G; and the first autonomous tractor, and
said,“With our unrivaled fiber power, we are the operator most
prepared for 5G. Because the indispensable part of 5G is fiber,
that is, the connection of base stations with fiber. On the other
hand, 52% of our LTE base stations are already connected to fiber.
We have been making all our investments compatible with 5G for
years. If we were to switch to 5G tomorrow, we are the most
prepared for this today. However, we are addressing our country's
5G journey from every aspect, 360 degrees, in a way that will
provide added value to the country. We aim for our country to be a
power that produces and uses domestic 5G technology in this regard.
For this purpose, while continuing our collaborations with global
technology giants, we also fully support the domestic ecosystem
with our contributions to domestic technology initiatives and 5G
formations.”
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