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oda_ForwardLookingEvaluationsAbstract|
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Hayır (No)
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09.08.2021
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Hayır (No)
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We recorded higher than expected subscriber growth, revenue progression and EBITDA in the third quarter. Although we expected a better second half for the mobile business, the subscription trends we saw in Q3'21 pointed to a faster recovery than we anticipated. Net adds and upselling in fixed broadband maintained their strong momentum despite ongoing superior trends for several quarters now. As a result, the recent run rates along with the year to date figures necessitated a third upward revision to our 2021 guidance.
While the change in EBITDA is driven by improved top-line growth, mainly led by the fixed broadband and mobile segments, the revised capex figure reflects the FX impact. We continue to see robust demand to telecommunication services and keep up with our annual investment plans in mobile, fixed broadband and other areas. Our investments, which focus on expanding and improving our fixed/mobile networks, capacity increases, digital agenda, data centres and 5G transition will help us capitalise on the strong demand we see.
Our revised guidance for 2021 is as below
- Consolidated revenue growth (excluding IFRIC 12) to be around 18% over 2020
- Consolidated EBITDA to be around TL 16.2 billion
- Consolidated CAPEX to be around TL 8.7 billion
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We proclaim that our above disclosure is in conformity with the principles set down in “Material Events Communiqué” of Capital Markets Board, and it fully reflects all information coming to our knowledge on the subject matter thereof, and it is in conformity with our books, records and documents, and all reasonable efforts have been shown by our Company in order to obtain all information fully and accurately about the subject matter thereof, and we’re personally liable for the disclosures.