Turkcell will be increasing its capital investments (Capex) in mobile and fiber infrastructure, including network modernization in 2014.
“Parallel to our growth targets, we expect an operational group capex to sales ratio of around 17 percent, having planned to increase our mobile and fiber investments, including network modernization for future technologies,” said Sureyya Ciliv, CEO of Turkcell Group.
In 2013, Turkcell Group invested TRY1.8 billion to boost mobile and fiber network quality in Turkey.
Meanwhile, Turkcell Group said it registered 9 percent growth in revenues to TRY11,408 million in 2013. Group net income increased by 12 percent to TRY2,326 million.
Turkcell’s Turkey mobile broadband revenues grew 38 percent to TRY1,437 million. Voice revenues rose 0.3 percent to TRY6,460 million in 2013.
“In 2013, with our vision of widening access to mobile broadband, we added Turkey’s first domestically designed and produced smartphone, the T40, at half the average market price of a smartphone. We believe that the T40 plays a key role in reaching the goals of higher smartphone penetration, equal access to information, contribution to the economy, and the promotion of locally developed software,” said Turkcell CEO.
