One of Türkiye’s main telecoms and know-how corporations Türk Telekom this week introduced its earnings report that wrapped up a document development in its cellular section.
Türk Telekom’s consolidated revenues elevated by 18.3% from a yr in the past to TL 45.6 billion ($1.18 billion), whereas earnings earlier than curiosity, taxes, depreciation and amortization (EBITDA) rose by 26.5% to TL 17.9 billion.
The EBITDA margin improved by 260 foundation factors in comparison with the earlier yr, reaching 39.3%. The firm’s internet revenue within the January-March interval surged by 45.2% to TL 5.1 billion.
Türk Telekom additionally elevated its investments considerably within the first quarter of 2025, spending TL 8 billion, a 27.7% rise from the identical interval final yr.
Reflecting its continued give attention to buyer satisfaction, the overall variety of subscribers rose to 53.6 million in the course of the first quarter.
2025 steering on agency footing
Elaborating on the outcomes, Türk Telekom CEO Ümit Önal known as it a “spectacular” begin to the yr primarily pushed by the maintained energy in mounted web and cellular performances.
“The ongoing disinflation process has nicely supported the operational performance along with a strong revenue generation versus a relatively mild opex evolution in the first quarter, despite the regular personnel salary adjustment we implemented at the beginning of the year,” Türk Telekom Önal stated.
“We have been closely watching the recent developments and market volatility to assess their potential impact on the subscriber behavior and our businesses, which has seemingly been absent so far,” he added.
Türk Telekom stays “confident” in regards to the 2025 steering it shared earlier, stated Önal, nonetheless including that that they continue to be “alert on both the local and global news flow ahead to prepare ourselves for different scenarios from our base case.”
Fiber enlargement, subscriber development
The report confirmed Türk Telekom’s fiber community reached 482,000 kilometers, whereas the variety of households coated elevated to 33.2 million.
The share of fiber subscribers amongst complete mounted broadband customers rose from 85.7% to 90.1% in comparison with the identical interval final yr.
By Q1 2025, Türk Telekom’s fiber community reached 482,000 km, masking 33.2 million households. The share of fiber broadband subscribers grew to 90.1%, up from 85.7% final yr. Total subscribers climbed to 53.6 million.
The firm’s complete subscribers climbed to 53.6 million, marking continued buyer development.
The firm additionally recorded its strongest first-quarter efficiency in cellular subscriber acquisition since 2014. Over the final 12 months, the web acquire in postpaid subscribers reached 2.1 million, a historic peak.
In the Mobile Number Portability (MNP) market, Türk Telekom remained probably the most most popular operator, sustaining its management place on this section.
Mobile development tops expectations
Önal went on to focus on the corporate’s success in cellular operations.
“The first quarter exceeded expectations in mobile growth. With 511,000 net additions, our total mobile subscriber base reached 27.9 million. The postpaid segment maintained strong momentum with a net gain of 593,000 subscribers, reaching its highest quarterly performance since the last quarter of 2023,” he famous.
“With high-quality infrastructure and a customer-centric approach, we aim to sustain this upward trajectory in mobile.”
Readiness for 5G enlargement
The CEO emphasised Türk Telekom’s preparedness for 5G, supported by the corporate’s nationwide fiber community.
“Our fiber network, which extends to every corner of all 81 provinces, provides the robust infrastructure essential for next-generation technologies like 5G and beyond. We have connected 54% of our LTE base stations with fiber, a ratio exceeding the 2030 target set for Europe,” he defined.
By integrating the ability of fiber to cellular, he stated the corporate has initiated the period of Fiber Mobility, which ensures a clean transition to 5G.
“Our pioneering efforts include advancements in remote surgery, smart agriculture, culture, arts and sports. For us, 5G is not just a technological upgrade but a vital tool for shaping Türkiye’s stronger future. All our investments and preparations align with this vision,” Önal stated.
Commitment to digital management
Önal additionally emphasised the corporate’s position in shaping Türkiye’s digital future.
“Beyond being a telecommunications company, we continue to operate as a technology company leading Türkiye’s digital transformation. With our innovative vision and technological expertise, we keep undertaking projects that accelerate digital transformation in every corner of Türkiye,” he stated.
“We started the year with a strong performance in both fixed broadband and mobile, maintaining our strength. We will continue working with full force toward the goal of a Türkiye that produces and exports technology, and to assume leadership in regional digital transformation.”
Uber bets massive on Türkiye with Trendyol Go majority stake deal
Each main acquisition in Türkiye boosts the ecosystem’s confidence, and world ride-hailing and supply large Uber’s newest transfer follows that pattern.
Uber introduced this week it might purchase an 85% stake in Trendyol Go, the meals and grocery supply arm of Türkiye’s e-commerce pioneer Trendyol, for $700 million.
It follows Uber’s earlier notable acquisitions, together with Careem within the Middle East for $3.1 billion and a 51% stake in Latin America’s Cornershop.
The acquisition of majority stake in Trendyol Go is taken into account a part of Uber’s objective to increase into high-growth potential markets exterior North America.
The deal positions Trendyol Go practically at unicorn valuation standing, underscoring the growing world curiosity in Türkiye’s dynamic tech ecosystem.
Trendyol Go boasts a community of 19,000 couriers and partnerships with greater than 90,000 eating places and markets. The firm fulfilled over 200 million orders in 2024 and achieved roughly $2 billion in gross reserving quantity.
Uber acknowledged that Trendyol Go will retain operational independence in the interim, whereas step by step incorporating Uber Eats’ options into its platform.
In the worldwide press, this acquisition was considered a part of Uber’s development technique. Specifically, it was interpreted as a mirrored image of Uber’s efforts to enter new markets on account of saturation within the North American market. Trendyol Go is believed to have attracted Uber’s consideration on account of its courier and buyer community.
Uber has beforehand made a number of high-profile acquisitions aimed toward consolidating its world logistics and supply footprint. It acquired Careem in 2019 for $3.1 billion and acquired a 51% stake in Cornershop in 2019. It had offered Uber Eats India to Zomato in 2020.
ITÜ ARI Teknokent, AstraZeneca associate to assist healthtech entrepreneurs
In a transfer to empower innovation-driven well being care ventures, Istanbul Technical University (ITÜ) ARI Teknokent, Türkiye’s main know-how entrepreneurship hub, and AstraZeneca, a worldwide biopharmaceutical chief, have launched a strategic collaboration to assist startups creating cutting-edge well being applied sciences.
The partnership goals to speed up the expansion of well being care startups and improve Türkiye’s potential within the area of well being applied sciences.
AstraZeneca Türkiye, identified for its science-based strategy and patient-centric imaginative and prescient, will present mentorship and professional assist to entrepreneurs working inside ITÜ ARI Teknokent’s incubator, ITÜ Çekirdek.
The collaboration merges AstraZeneca’s world well being care experience with ITÜ ARI Teknokent’s sturdy entrepreneurial ecosystem, creating fertile floor for sustainable and impactful improvements within the well being sector.
Program purposes
Startups chosen beneath this partnership can have the chance to develop scientific and patient-focused options in key therapeutic areas reminiscent of oncology, cardiovascular illnesses, respiratory circumstances, metabolism, and uncommon illnesses.
Through AstraZeneca’s AZ Lab program, members will obtain complete assist masking product growth, regulatory processes, market entry, and mentorship.
Combining AstraZeneca’s worldwide expertise in prescription drugs and biotechnology with ITÜ Çekirdek’s globally acknowledged incubation infrastructure, this system is designed to deliver viable, scalable, and sustainable well being initiatives to life.
Entrepreneurs fascinated by making use of can accomplish that by means of the official web site, itucekirdek.com, till May 12.
Creating worth
Yağız Aydemir, board member and director of knowledge applied sciences and digital at AstraZeneca Türkiye, stated innovation is embedded within the firm’s DNA.
“As AstraZeneca Türkiye, we have a vision of leading the development of our country’s healthcare ecosystem through innovation. In line with this vision, we highly value the AZ Lab program, which we will carry out in collaboration with ITÜ Çekirdek, one of the world’s leading incubation centers,” stated Aydemir.
“We invite all entrepreneurs working in the health care field to apply to the AZ Lab program and contribute to the process with their solutions that will create value for patients.”
Professor Attila Dikbaş, basic supervisor of ITÜ ARI Teknokent, echoed this sentiment and underlined the transformative potential of the initiative:
“As ITÜ ARI Teknokent, this collaboration with AstraZeneca, a key cornerstone in the fields covered by ‘Lifetech,’ one of our 2025 focus areas, will enable health care entrepreneurs to gain quicker access to knowledge, experience, and a global vision,” Dikbaş stated.
“We are very excited to embark on this world journey collectively.
GENUp accelerator to propel Turkish startups into world markets
GEN Türkiye has launched GENUp, a specialised acceleration program tailor-made for scale-ups with world ambitions, unveiling it throughout a launch occasion attended by key stakeholders from the startup ecosystem.
The program is designed to assist growth-stage startups which have already secured funding and are making ready to scale past Türkiye.
Eight startups from various sectors, together with synthetic intelligence, sustainability, the sharing financial system, well being, training, and retail applied sciences, had been chosen for this system.
The cohort consists of Varsapp, Sertifier, Harcy, Kidolog, The Good Wild, Swatchloop, Branchsight and Beespenser.
Addressing wants of scale-ups
Nevzat Aydın, chair of the board at GEN Türkiye, emphasised the dearth of tailor-made applications for scale-ups stage startups, saying that the brand new initiative would supply entrepreneurs with mentorship, coaching and worldwide networking assist.
Additionally, Case Studio classes will foster experience-sharing amongst co-founders and supply a platform for fixing challenges confronted by entrepreneurs.
As a part of this system, entrepreneurs will obtain coaching on advertising, funding administration, group management, taxation, authorized issues, product growth and worldwide enlargement. Each startup may even profit from 10 hours of one-on-one mentorship. At the tip of the coaching and classes, the metrics of collaborating startups can be monitored for six months.
GEN Türkiye Board Member Tal Garih confused that startups can have the chance to develop proof of idea and pilot initiatives throughout this system, with the objective of accelerating gross sales and funding rounds.
Source: www.dailysabah.com