10 Haz 2008

Avea sees 2008 sales up 25-30 percent, TT targets 6 mln DSL subs.

Avea sees 2008 sales up 25-30 percent

Turkish mobile phone operator Avea expects its sales to increase by 25-30 percent this year and sees its market share at 18 percent, Chief Executive Cuneyt Turktan told a news conference on Monday.

Avea -- owned by Turk Telekom-- also expects to increase its subscribers by 25 percent by the end of this year, Turktan said.

Earlier he told the same meeting Avea raised its Turkey market share to 17 percent by the end of the first quarter from 15 percent at the same time last year.

Avea also aimed to raise profitability this year, he said. Its earnings before interest, tax, depreciation and amortisation (EBITDA) rose to 306 million lira in 2007 from 172 million a year earlier.

Avea competes in Turkey with market leader Turkcell and second-largest operator, Vodafone.

Paul Doany, the chief executive of Turk Telekom, told the same conference Turk Telekom targeted six million ADSL subscribers by the end of this year, depending on competition conditions.

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