Turkcell Subs Surge

Turkcell's number of subscribers reaches 24.3 million

April 13, 2005

2 Min Read

ISTANBUL -- Turkcell (NYSE: TKC, ISE: TCELL), the leading provider of mobile communications in Turkey, announced today that its total number of subscribers reached 24.3 million as of March 31, 2005. This is an increase of 3.8% from 23.4 million as of December 31, 2004.

Turkcell added approximately 867,000 net new subscribers in the first quarter of 2005. Turkcell's subscriber base consists of 5.2 million postpaid and 19.1 million prepaid subscribers. New gross subscribers acquired in the first quarter of 2005 consisted of 90% prepaid and 10% postpaid subscribers. The net new additions to the subscriber base in the first quarter of 2005 was 28% higher than the number of net additions during the same period in 2004 due to the favorable operating environment and our acquisition campaigns, though 18% lower than the net additions during the fourth quarter of 2004 in line with historical seasonality trends. In the first quarter of 2005, Turkcell's churn rate increased to 2.5% from 2.0% in the fourth quarter of 2004 and improved compared to the churn rate in the first quarter of 2004 which was 3.2%.

Mr. Muzaffer Akpinar, Turkcell's CEO, commented "The favorable macroeconomic environment and our acquisition campaigns in the first quarter of 2005, as well as our churn prevention activities and mass loyalty programs have contributed to our subscriber growth."

Turkcell expects the growth in subscriber base to continue in 2005, though at a slower pace than in 2004. In 2005, the churn rate is expected to rise above 9.1% annual churn rate of 2004, however remain below the 2003 annual churn rate of 14.5%, due to intensifying competition in the Turkish market.

Turkcell Iletisim Hizmetleri A.S.

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