Turkey: GSM operators post $4.2B net sales in H1

3 operators' investments amounted to $757 million in 1st half of 2020, communications agency says

By Gokhan Ergocun

ISTANBUL (AA) - Three GSM operators in Turkey -- Turkcell, Vodafone and Turk Telekom -- posted 27.3 billion Turkish liras ($4.22 billion) net sales in the first half of 2020, state-run communications agency said on Wednesday.

Net sales of GSM operators jumped by 14.2% in the January-June period on an annual basis, according to Turkey's Information and Communication Technologies Authority (BTK) data.

The operators' investments reached 4.9 billion Turkish liras ($757 million) during the first six months, up 19.5% versus the same period last year.

The official data also showed that Turkey has 81.7 million mobile phone subscribers, 78.4 million fixed broadband subscribers and 12.1 million fixed phone subscribers as of end of June.

In 2019, the operators' revenues amounted to 50.6 billion Turkish liras ($8.8 billion).

The average US dollar/Turkish lira exchange rate was 5.74 in the first half of 2019 and 6.47 in the same period 2020.

Kaynak: