Turkcell Iletisim Hizmetleri A.S. (TKC) CEO Murat Erkan on Q2 2020 Results - Earnings Call Transcript

Aug. 14, 2020 2:13 AM ETTurkcell Iletisim Hizmetleri A.S. (TKC)
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Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) Q2 2020 Earnings Conference Call August 13, 2020 1:00 PM ET

Company Participants

Korhan Bilek - Treasury and Capital Markets, Director

Murat Erkan - Chief Executive Officer

Osman Yilmaz - Chief Financial Officer

Conference Call Participants

Cabejšek Ondrej - UBS

Mandaci Ece - Unlu Securities

Kim Ivan - Xtellus Capital

Ibragimova Dilya - Citi Bank


Ladies and gentlemen, thank you for standing by. I am Maria, your Chorus Call operator. Welcome and thank you for joining the Turkcell’s conference to present and discuss the Second Quarter 2020 Financial Results. [Operator Instructions] The conference is being recorded. [Operator Instructions] At this time, I would like to turn the conference over to Mr. Korhan Bilek, Treasury and Capital Markets Director. Please, Mr. Bilek, you may now proceed.

Korhan Bilek

Thank you, Maria. Hello, everyone. Welcome to Turkcell’s second quarter 2020 results call. Today’s speakers are our CEO, Mr. Murat Erkan and our CFO, Mr. Osman Yilmaz. We will have a brief presentation. And afterwards, we will be taking your questions. Before we start, I would like to kindly remind you to review the last page of this presentation for our safe harbor statement. Now I hand over to Mr. Erkan.

Murat Erkan

Good afternoon, and good evening, everyone. Welcome to Turkcell’s second quarter 2020 results call. It was a challenging quarter, during which we all felt the impact of the COVID-19 pandemic. I will shortly talk about its impact on our business, but before I do that, I would like to start by mentioning the highlights of the quarter.

We recorded solid performance with our strong business model and prudent financial management discipline. On a consolidated basis, we delivered 11.8% revenue growth this quarter. Despite limited mobility during the quarter, we gained 181,000 customers, 144,000 of which were postpaid. Mobile ARPU growth of

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