News
RSS
27 Oct 2015 20:30:27
Source

Quarterly revenue life:) falls, losses are reduced, a huge debt restructured

Turkcell reported on quarterly statements of the subsidiaries, including CJSC "Belarusian telecommunications network", operating under the brand life:). The revenue of the operator compared to the third quarter of last year decreased from $18,4 $13.9 million.

Read more...


Turkcell reported on quarterly statements of the subsidiaries, including CJSC "Belarusian telecommunications network", operating under the brand life:). The revenue of the operator compared to the third quarter of last year decreased from $18,4 $13.9 million.

Interestingly, Turkcell announced a huge restructuring, and is constantly accumulating debt life:), reached $686 million and converted into subordinated debt. With this decision, the duty of the operator in the third quarter amounted to $2603.

EBITDA (profit to taxes, percent and amortisation) has decreased by a quarter, from $0.4 to $0.3 million. Net losses for the operator amounted to $6.2 million, while a year earlier reached $33.6 million. The number of active subscribers in the third quarter compared with April — June has not increased and remained at the level of 1.1 million users.

© 2024 b4by.org