Tuckcell's Third-Quarter Revenue Grows

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Tuckcell lletisim Hizmetleri's (TKC Quote) Q3 FY08 revenue grew 19.6% to $2.06 billion from $1.72 billion in Q3 FY07. The reported revenue growth was supported by a 4.3% subscriber growth, 7.5% appreciation of Turkish Lira (TRY) against U.S. dollar, and the partial impact of a 31.6% increase in usage combined with upward price adjustments.

Looking at its international operations, revenue from the Fintur's operations, in which TKC holds 41.5% stake, rose 21.7% to $500.00 million from $411.00 million, attributable to 25.3% increase in the total number of subscribers to 12.40 million from 9.90 million a year ago. Revenue from the Astelit operations, which includes Tuckcell's 55.0% stake, grew 68.2% to $127.80 million from $76.00 million, fueled by 40.8% increase in subscriber base, and 20.7% rise in average revenue per user (ARPU). ...