Turk Telekom’s net profit rises 4.6% year-on-year

www.WirelessFederation.com/news: 4.6% year-on-year rise in net profit from TRY1.75 billion (USD1.16 billion) in FY2008, to TRY1.83 billion has been announced by Turk Telecom, for the year ended December 31, 2009.

Revenues for the period increased 3.7% to TRY10.57 billion in 2009, rising from TRY10.19 billion a year earlier. Operating expenses grew by 8% year-on-year while CAPEX jumped by 40.7%, up to TRY6.3 billion and TRY2.47 billion respectively.

According to Paul Doany, CEO of Turk Telekom, in 2009 the primary focus for Turk Telekom Group was improving the basic communication infrastructure to launch an 8Mbps standard speed internet service across the whole of Turkey and over the next year the firm will continue to add more innovative services and offerings, such as IPTV, and add more focus to the exporting of the services and products.

Avea, the mobile arm of the company, posted revenues of TRY2.5 billion for the year ended December 31, 2009, up from TRY2.11 billion in 2008