Thu, Feb. 12, 2:19 PM
- In its Q4 results, Turkcell (TKC +0.5%) noted revenue gains of 8% on the back of mobile broadband and fiber broadband sales, though net income was pounded by currency devaluation in Ukraine/Belarus, leading to a 49% decline.
- Group revenues were TRY3.1B ($1.26B). Group EBITDA was up 8% to TRY917M ($317.3M, vs. an expected $394.4M).
- Mobile business revenues grew 7% to TRY2.39B ($968M), while mobile broadband revenues reached their year's peak, growing 44% to TRY567M ($229.6M).
- The company guides for 2015 revenues in the range of TRY 12.8B-TRY 13.1B ($5.18B-$5.3B, slightly below consensus of $5.52B) and consolidated EBITDA of TRY 3.85B-TRY 4.05B ($1.56B-$1.64B, vs. expected $1.619B).
- Press release
Thu, Feb. 12, 2:00 PM
Tue, Feb. 3, 10:57 AM
- Through its subsidiary Turkcell Superonline, Turkcell (NYSE:TKC) is partnering with Telekom Austria (OTCPK:TKAGY) on regional interconnection that should boost corporate offerings.
- While Turkey's leading mobile service provider, Turkcell has seen gains in its fixed-line broadband business, and was first to offer fiber-to-the-home in the country.
- "With this agreement, Telekom Austria Group becomes accessible to our customers in Turkey, while Turkey joins Telekom Austria Group’s strong global network," says Turkcell deputy GM Emre Erdem.
- Telekom Austria serves around 23M customers in Central and Eastern Europe.
Mon, Feb. 2, 11:30 AM
- With the ruble gaining a bit of strength against the dollar (trading back around 68.8), telecoms with exposure to the currency are rising again.
- VimpelCom (NASDAQ:VIP) is having a field day, up 11.9%; Mobile TeleSystems (NYSE:MBT) up 5.2%; MiMES Rostelekom (OTCQX:ROSYY) up a bit at +0.3%; Turkcell (NYSE:TKC) up 1.7%.
- News of VimpelCom wrapping a $2.6B sale of its interest in Djezzy is still making the rounds. The firm was downgraded by Deutsche Bank on Thursday.
Fri, Jan. 30, 12:43 PM
- Today's Russian interest rate cut has taken its toll on the long-suffering ruble -- and therefore on ruble-related telecom firms.
- The ruble's made up a bit of ground from earlier, now at 70.12 vs. the dollar.
- Mobile TeleSystems (NYSE:MBT) is down 2.8%; MiMES Rostelekom (OTCQX:ROSYY) down 4.2%; Turkcell (NYSE:TKC) down 1.8%.
- The interest-rate cut to 15% today followed a hike to 17% last month and points to more volatility ahead for the currency and for firms in ruble-related markets.
- Previously: Russia central bank cuts key rate (Jan. 30 2015)
Wed, Jan. 28, 2:04 PM
Jan. 2, 2014, 10:07 AM
Jan. 2, 2014, 9:12 AM
Oct. 24, 2013, 3:32 PM
- Turkcell (TKC +1.3%) reports Q3 revenue climbed 8% Y/Y to TRY2.981B. Net income of TRY699M climbed 22%. (PR, results)
- EBITDA expanded 11% Y/Y to TRY1.016B while margin improved to 34.1% from 33.1% in Q3 2012.
- Mobile revenue in Turkey grew 3% (7% excl. the impact of cuts to MTR) to TRY2.365B. Mobile broadband revenue jumped 39% to TRY385M. Growth was dragged by a Voice revenue decline of 3% to TRY1.664B as a result of mobile termination rate cuts.
- Management reiterated full-year guidance and believes the company "could post results around the high end of our revenue and EBITDA target ranges." Analysts expect $6.219B in full-year revenue and EPS of $1.35.
Oct. 21, 2013, 9:39 AM
Sep. 13, 2013, 8:36 AM
Feb. 5, 2013, 8:38 AM"We are more bullish than ever" on Turkcell (TKC), IS Investment effuses. The court decision favoring Cukurova means Altimo will fail in its bid to become TKC's majority shareholder (providing Cukurova makes its payment to Altimo), and makes a dividend - frozen since 2011 - imminent. Triple dividend yield for 2013 could fall between 12% and 16%, and strong fundamentals offer shareholders another 18% upside, firm says. | 1 Comment
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Losers: IPSU -42%. MIPS -25%. CLGX -23%. BRCD -18%. SD -8%. SSN -7%. PACB -4%. AHCI -3%. LPL -3%. | Comment!
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