Friday, February 27, 2009

Turkcell Ups Investment

Turkcell is expecting revenue to grow in 2009, but also to see pressure on profit margins due to the macroeconomic environment and consumer confidence, as well as geopolitical, regulatory and competitive dynamics in Turkey. Even so, Turkcell plans to double capital spending to 1.6 billion US dollars as it rolls out 3G services in 2009, while seeking international acquisitions. source: Turkcell presentation

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