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Company Guidance

In the 9 month of 2020, we recorded outstanding financial and operational results. In a period when the entire world has faced with crisis management, we observed a very strong performance in the fixed segment with the support of surge in demand for internet.

In our mobile business, we have seen gradually improving trends since June together with controlled easing of Covid-19 precautions across the country, followed by some rationalisation in the market.

As a result, the 9M’20 financial performance and the Q4’20 outlook justified an upward revision to our 2020 revenue and EBITDA guidance.

Earlier in the year, we announced that we accelerated our fibre rollout plans in anticipation of continued momentum in demand for new connections. We are also revising our CAPEX guidance upward, reflecting the impact of continued increase in fibre investments and unfavourable FX movements.

Accordingly, under current circumstances, guidance for 2020 is as below:

  • Consolidated revenue growth (excluding IFRIC 12) to be around 16% over 2019
  • Consolidated EBITDA to be around TL 13 billion level
  • Consolidated CAPEX to be around TL 6.6 billion level


  Previous Guidance Revised Guidance
Consolidated Revenue Growth (excluding IFRIC 12) Around 13% Around 16%
Consolidated EBITDA TL 12.4 billion - TL 12.6 billion Around TL 13 billion
Consolidated CAPEX Around TL 6.4 billion Around TL 6.6 billion
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