Turkcell Iletisi Stock Price, News & Analysis

BiP, a leading communication platform developed by Turkcell, has launched a new feature allowing users to import group chats seamlessly from other applications. This feature caters to 80 million users across 192 countries, enabling the automatic transfer of existing group and individual chats without manual entry. With capabilities like HD video calls for up to 10 users and group chats of up to 1,000, BiP emphasizes user privacy through robust data protection measures, including encryption and a commitment to not share data with third parties.

Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) reported strong Q1 2021 results, with revenues at TRY7.8 billion, up 17.5% year-on-year. Key drivers included a robust subscriber base and increased demand for digital services. EBITDA rose 17.7% to TRY3.3 billion, maintaining a margin of 42.2%. Net income jumped 26.6% to TRY1.1 billion. Notably, the subscriber base grew by 705,000, the highest in three years. Turkcell also approved a TRY2.6 billion dividend distribution during its General Assembly.

Turkcell (NYSE: TKC) has filed its Annual Report on Form 20-F for the fiscal year ending December 31, 2020, with the U.S. Securities and Exchange Commission on April 26, 2021. The report includes audited financial statements, which are available for viewing online. Interested parties can request hard copies of the complete audited financial statements from the Turkcell Investor Relations Department. The company aims to maintain transparency with its stakeholders by providing readily accessible financial data.

Turkcell Iletisim Hizmetleri reported strong financial results for Q4 2020, with revenues of TRY 7,872 million, up 18% from the previous year. The full-year revenue reached TRY 29,104 million, reflecting a growth of 15.8%. EBITDA increased by 18%, resulting in a margin of 42.2%. Net income rose by 72.3% to TRY 1,302 million, boosted by deferred tax income. The company's operational metrics include a subscriber growth of 1.1 million in Turkcell Turkey, driven by a 15% increase in mobile ARPU. For 2021, Turkcell targets a revenue growth of 14-16%.

BiP, Turkey's local communication platform developed by Turkcell, has reached 64 million downloads, with 12 million outside Turkey. It has surged in popularity, ranking as the most downloaded communication app in several Gulf countries, including Bahrain and Saudi Arabia. The platform offers features like HD voice/video calls for up to 10 users, disappearing messages, and simultaneous translation in 106 languages. Turkcell remains committed to enhancing BiP’s global presence with new features.

BiP, a communication platform from Turkcell, recently saw an influx of 4.6 million new users in just three days. This operator-free application, available in 192 countries, emphasizes secure messaging, voice, and video calls, with data stored in Turkey. BiP's features include a Coronavirus Information Hotline, a unique Emergency Button, and translation capabilities for 106 languages. Executive VP Ataç Tansuğ assures users that no data is collected without consent. With 1 million customers in the Caribbean, BiP continues to grow globally while focusing on user security and privacy.

Turkcell reported robust financial results for Q3 2020, with revenues rising 16% year-on-year to TRY 7,649 million, driven by strong ARPU and equipment sales. EBITDA increased 20%, while net income surged 51% to TRY 1,211 million. The company achieved a free cash flow of TRY 1 billion and approved a TRY 812 million dividend. Subscriber growth was notable, with a 382,000 net addition in Turkcell Turkey. The firm revised its 2020 guidance upwards, targeting a revenue growth of 14%-15% and an EBITDA margin of 41%-42%.

Turkcell (NYSE: TKC) has partnered with Digicel to launch digital platforms including BiP, PlayGO, and Billo across 32 countries. The BiP platform has achieved 1 million downloads since its Caribbean launch and can now reach 13 million Digicel customers. BiP offers messaging, calls, and various smart features, while PlayGO provides a robust streaming service with over 70 live TV channels and 3,200 video-on-demand titles. This collaboration enhances Turkcell's digital export strategy, aiming to expand its services to 320 million potential customers worldwide.

The Turkcell General Assembly has made significant amendments to the Articles of Association, facilitating a new era for the company. Turkey Wealth Fund is set to become the majority shareholder with 26.2% ownership, while LetterOne will increase its stake to 24.8%. Turkcell's public shares continue to represent 49% of total ownership, traded on Borsa Istanbul and NYSE. Chairman Bülent Aksu emphasized the importance of these changes in enhancing the company’s brand and market value, and the commitment to innovation and customer satisfaction.