The United Kingdom-based GSM operator Vodafone attained YTL 21.25 billion in turnover worldwide in 2007. During the same period, Turkey supplied 12 percent of the company's aggregate revenue by providing a turnover of YTL 2.6 billion.
Through its acquisitions in Turkey and India, Vodafone's revenues rose 16 percent compared to the last quarter of 2006, Vodafone Turkey CEO Atilla Vitai said Thursday at a press conference on the company's performance and its targets for 2008.
Vodafone Turkey gained 3 million new subscribers last year and obtained a 26 percent growth. The number of Vodafone subscribers in Turkey reached 16.1 million, meaning Turkey has climbed to rank second after Egypt in terms of the increase in the number of subscribers.
The company has invested over $4.5 billion since its entry to the Turkish market, said Vitai, adding that the figure will rise to $5.4 billion by the end of the year. "We do not plan to send this money back to the United Kingdom. We have increased our market share by 2.5 percent within the last two years," said Vitai. They have far greater plans than just increasing our market share here. "Besides increasing our market share, we also are looking to change people's mindset and win them over. We have long-term plans for Turkey. We are determined," Vitai said.
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