Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Q3 2019 Earnings Conference Call October 31, 2019 1:00 PM ET
Company Participants
Korhan Bilek - Director-Treasury and Capital Markets Management
Murat Erkan - CEO
Osman Yilmaz - CFO
Conference Call Participants
Cesar Tiron - Bank of America
Dilya Ibragimova - Citi
Atinc Ozkan - Wood & Company
Slava Degtyarev - Goldman Sachs
Cemal Demirtas - Ata Invest
Anna Kazaryan - VTB Capital
Asli Kumbaraci - Yatirim Menkul Degerler A.S.
Operator
Good day, and welcome to the Third Quarter 2019 Results Conference Call. For your information, today's conference is being recorded.
At this time, I'd like to turn the call over to Korhan Bilek, Director of Treasury and Capital Markets Management. Please go ahead, sir.
Korhan Bilek
Thank you, Denise. Hello, everyone. Welcome to Turkcell's Third Quarter 2019 Results Call. Today's speakers are our CEO, Mr. Murat Erkan; and our CFO, Mr. Osman Yilmaz.
We have a brief presentation, and afterwards, we will be taking your questions. Before we start, I would like to remind you to review the disclaimer of our presentation.
Now I hand over to Mr. Erkan.
Murat Erkan
Hi. Good morning, and good afternoon, everyone. Welcome to Turkcell's third quarter 2019 results call.
I'm glad to announce a quarter of profitable growth on strong operational performance. We observed the positive result of our customer-centric position. We gained 526,000 new subscribers, 503,000 of which are postpaid. At the same time, the average revenue per user, both in mobile and fixed broadband continued to rise by double digits. We recorded 14% consolidated revenue growth on top of the 26% realized last year, our 2-year cumulative growth reached 43%.
Turkcell Turkey continued its momentum, while we were negatively impacted by our consumer finance company and termination of our sports betting business. This performance was in line
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