Thursday, October 12, 2006

Turkcell's Subscriber Base Reaches 30.8 Million

Turkcell, the leading mobile carrier in Turkey, reached 30.8 million subscribers as of September 30, 2006. This corresponds to an increase of 3.3% from 29.8 million as of June 30, 2006 and an increase of 15.3% from 26.7 million as of September 30, 2005. Turkcell's subscriber base consists of 5.7 million postpaid and 25.1 million prepaid subscribers.

Turkcell added approximately 1.0 million net new subscribers in the third quarter of 2006. New gross subscribers acquired in the third quarter of 2006 consisted of 91% prepaid and 9% postpaid subscribers.

In the third quarter of 2006, Turkcell's churn rate increased to 4.1%, compared to 3.6% in the second quarter of 2006, mainly due to overall high market growth in the previous quarters and competition. The company said it expects to lower quarterly churn rate for the fourth quarter of 2006 as a result of its segmented retention and loyalty programs as well as proactive churn prevention activities.

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