Turkcell's Subscriber Base Reaches 30.8 Million
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Posted by Knowing About on October 13, 2006, 3:41 am
Please log in for more thread options Turkcell added approximately 1.0 million net new subscribers in the third quarter of 2006. New gross subscribers acquired in the third quarter of 2006 consisted of 91% prepaid and 9% postpaid subscribers. In the third quarter of 2006, Turkcell's churn rate increased to 4.1%, compared to 3.6% in the second quarter of 2006, mainly due to overall high market growth in the previous quarters and competition. Turkcell expects to lower quarterly churn rate for the fourth quarter of 2006 as a result of its segmented retention and loyalty programs as well as proactive churn prevention activities. The subscriber acquisition growth trend during the third quarter of 2006 has remained strong. During this period, Turkcell introduced several campaigns and programs targeting various segments in line with its strategy. Turkcell continues its focus of maintaining leading position in the market through underlining its brand values and better value for money propositions. Turkcell is the leading GSM operator in Turkey with 30.8 million post-paid and pre-paid customers as of September 30, 2006 operating in a three player market with a market share of approximately 62% as of March 31, 2006 (Source: Telecommunication Authority). In addition to the high-quality wireless telephone services, Turkcell currently offers General Packet Radio Service (GPRS) countrywide and Enhanced Data Rates for GSM Evolution (EDGE) in dense areas, which provide for both improved data and voice services. Turkcell provides roaming with 535 operators in 193 countries as of October 6, 2006. Serving a large subscriber base in Turkey with its high-quality wireless telephone network, Turkcell reported US$4,528 million net revenues as of December 31, 2005 and US$2,297 million net revenue for the six months as of June 30, 2006 (in accordance with International Financial Reporting Standards). Turkcell has interests in international GSM operations in Azerbaijan, Georgia, Kazakhstan, Moldova, Northern Cyprus and Ukraine. Turkcell has been listed on the NYSE (New York Stock Exchange) and the ISE (Istanbul Stock Exchange) since July 2000 and is the only NYSE listed company in Turkey. 51.00% of Turkcell's share capital is held by Turkcell Holding, 13.29% by Cukurova Group, 13.07%, by Sonera Holding, 5.07% by M.V. Group and 0.01% by others while the remaining 17.56% is free float. For further information about voip you can visit http://www.knowingabout.com/voip | ||||||||||
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