Vodafone Turkey records EUR 0.5bn service revenues in Q4.

By bne IntelliNews February 10, 2012
CEO of Vodafone Turkey, Serpil Timuray, announced that the company increased its service revenues by 23.5% y/y to TRY 1.1bn (EUR 0.47bn) in the last quarter of 2011 and increased the number of subscribers by 163,000 to 18mn. The company increased its number of subscribers by 1.3mn within 2011 as a whole and the number of post-paid subscribers by 36% y/y to 5.6mn in Q4, according to Timuray. Please note that Timuray announced in Nov that EBITDA of the company reached its highest level ever with TRY 357mn in the first half of 2011-2012 fiscal year (May 1 - September 30, 2011).

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