Türk Telekom announced its third quarter 2023 results. Growing 78 percent on an annual basis, Türk Telekom reached 22.4 billion TL.
Türk Telekom continued its growth in the first 9 months of 2023. Türk Telekom grew by 78.2 percent on an annual basis in the third quarter of 2023 and achieved a consolidated income of 22.4 billion TL.
Türk Telekom’s first 9-month revenue reached 55.6 billion TL, an increase of 69.6 percent compared to last year. Türk Telekom, which made a total net profit of 4.5 billion TL in the first 9 months of 2023 with its subscribers increasing to 52.9 million, has an EBITDA (profit before interest, depreciation and tax) of 18.8 billion TL in the first 9 months. happened.
Türk Telekom CEO Ümit Önal, “We are working with all our strength to achieve our goals with the technology and digitalization vision we have put forward. As we approach the end of the year with our positive indicators in the first 9 months of the year, we are taking firm steps towards our upwardly revised forecasts in the second quarter of the year. In this context; “We plan to have an annual increase in consolidated operating income in the range of approximately 67-70 percent, EBITDA in the range of approximately 25-27 billion TL, and investment expenditures in the range of approximately 19-21 billion TL,” he said.
20 billion dollars investment! Fiber network reached 427 km
Türk Telekom, which continues to be Turkey’s fiber power with its investments in fiber, increased its fiber network length to 427 thousand km as of September 2023. The number of Türk Telekom’s fiber subscribers reached 12.6 million in the first 9 months of 2023.
Explaining that Türk Telekom’s fiber home coverage was 31.9 million at the end of the 3rd quarter of 2023, Önal said, “As the fiber power of Turkey, we are very happy to be the technology carrier of the Turkey Century with our strong fiber infrastructure and investments that we carry to every corner of the country.” We hear. In this context; We do not act with the understanding of ‘only our subscribers should use our infrastructure in 81 provinces of Turkey’. As we always say, Türk Telekom’s infrastructure is Turkey’s infrastructure. “The fact that our investments in Turkey’s digital assets have reached 20 billion dollars since 2005 is the most important indicator of the services we provide for our country,” he said.
Türk Telekom CEO Ümit Önal said that they are proud to be the architect of all kinds of projects that will take Turkey beyond the age and made the following evaluations: “We will continue to offer technologies that focus on people in all areas of life and make these technologies ‘accessible to everyone’. “With the motivation and power that this responsibility gives us, we have made an investment of 12.6 billion TL as of the first 9 months of the year.”
Önal stated that Türk Telekom’s number of subscribers reached 52.9 million with a total net subscriber increase of 498 thousand in the third quarter of the year, and drew attention to the subscriber acquisition processes. Önal stated that Türk Telekom is the most preferred operator, especially in the mobile subscriber segment, and announced that they maintained their leadership in the MNT (Mobile Number Portability) market for eight consecutive quarters.
“Our application in the concession process; “It includes a value-creating and sustainable operating model.”
Pointing out that the concession issue was among the agenda items during the period when their upward performance continued, Önal said, “We applied to BTK for the renewal of the fixed line services concession agreement at the beginning of 2023. Afterwards, BTK asked us to prepare a draft framework document for the next agreement. In this regard, we submitted the framework document in which we gathered our opinions, suggestions and demands on the subject to the regulatory authority. While our negotiations with the regulatory body continue after our application, within the scope of the process; We acted with a holistic and inclusive approach perspective in order to create a value-creating and sustainable activity model that will ensure the joint development of Turkey, the sector and Türk Telekom. “We expect to see concrete progress on this priority issue in 2024,” he said.
“We are aware of the importance of fiber and new generation technologies for our country.”
Emphasizing the importance they attach to new generation and tomorrow-capturing technologies, Önal explained that by switching to 5G with local and national elements, they made their full contribution to make our country a power that not only uses this technology but also makes it available to those around it. With their work on 5G and the firsts they achieved; Underlining that they took an active role in drawing the road map of 5G in the world and in Turkey, Önal said, “We are constantly increasing our fiber network. We are highly motivated to provide our customers with quality connections. As of the third quarter, the number of fixed broadband subscribers increased to 15.1 million. Fixed broadband ARPU (average revenue per user) growth continued its upward trend in the third quarter, reaching 58.1 percent on an annual basis. The number of fiber subscribers reached 12.6 million with a net gain of 355 thousand on a quarterly basis. Our fiber network, which has increased to 427 thousand km, covers 31.9 million households as of September 2023, reflecting our consistent fiber transformation focus. We are aware of the importance of fiber and new generation technologies for our country. “We determinedly continue our vision of leading Turkey’s digital transformation in 5G and beyond technologies,” he said.
“Our initiatives, with a total investment of more than 20 million dollars, have become our source of pride on the world stage.”
Emphasizing that they always support the technologies that capture the future and the initiatives that feed these technologies, Önal said, “We guide our local startups with our corporate venture capital company Türk Telekom Ventures and our startup acceleration program PİLOT. While investing in startups with the TT Ventures Venture Capital Investment Fund we launched, we aim to be a bridge connecting startups to the world with TT Ventures’ office in San Francisco. We aim to be a role model institution in terms of creating new ‘unicorns’ from Turkey. Currently, 11 of the 16 startups we invest in with Türk Telekom Ventures consist of PİLOT graduates. To date, the number of graduates of the PILOT program has reached 104 and a total of 30 million TL cash support has been provided. The total investment amount received by our PILOT initiatives, which operate in all countries from Asia to Europe, from America to Africa, exceeded 20 million dollars. Each of them achieved great success in their field in a short time. As a matter of fact, Virasoft, one of our TT Ventures investments, continues to receive investments from all over the world with its artificial intelligence-supported solutions that accelerate the diagnosis and treatment processes in cancer treatment. MentalUP, another of our ventures that received investment from Türk Telekom Ventures, now stands out as a worldwide education platform. MentalUP serves 15 million active users in more than 120 countries. Besides these; Our PILOT initiatives such as Syntonym, Speedy and ai4sports continue to make us proud worldwide with their innovative solutions and the investments they receive from abroad. We are a leading company not only in terms of investment but also in terms of our initiatives with the physical facilities we offer. As Telekom Ventures, we opened our second office for entrepreneurs, after the Santral building in Eminönü, at the Atatürk Cultural Center (AKM) on October 5. We believe that our Entrepreneurship Center at AKM will be the meeting point of those who shape the future and will inspire many ideas that will proudly represent our country on the world stage. “As Türk Telekom, we will continue to be a leading company for our initiatives,” he said.
“We put sustainability at the center of our work”
Using its high technology experience within the framework of universal principles of sustainability and applying these principles to its strategies and collaborations, Türk Telekom continues its projects and investments in this context. Ümit Önal said, “Sustainability is an important issue that we focus on sensitively,” and summarized his work on this issue as follows: “As Türk Telekom, we place our vision of transforming technology for the benefit of people, society and nature at the center of our sustainability work. We have worked with this sensitivity and responsibility throughout the 100 years of our Republic. In this context; We recently published our 2022 Sustainability Report. We have taken serious steps in all areas where we have drawn the framework of our sustainability policy. In order to leave a livable world to future generations, we have carried out studies with the aim of sustainable development, reducing carbon footprint and managing the risks caused by climate changes. This year, we accelerated our SPP (Solar Energy Plant) investments. Recently, we increased the installed power capacity allocated to our company for Solar Power Plant to 405.8 MWe. We work non-stop to further strengthen all our projects and investments with the Sustainability Management System. As a matter of fact, we took an important step in this regard and started to offer electric vehicle users an uninterrupted charging service that is safe in every sense, environmentally friendly and powered by generators, with our E4 Charging-Electric Vehicle Charging Network project. As Türk Telekom, we will continue to support our pioneering vision in renewable energy with the investments we make.”