News Summary:
On August 13, 2026, Turkcell reported its second-quarter 2026 results, showing a 2.5% year-on-year increase in group revenue to TRY 71.8 billion, with EBITDA reaching TRY 30 billion and a 41.8% margin. Net income stood at TRY 5.2 billion. The telecommunications provider surpassed 40 million mobile subscribers, recording 284,000 postpaid net additions and improving monthly churn to 1.6%. Digital Business Services (DBS) revenue grew 33% year-on-year, supported by a TR16 billion system integration backlog, and its FWA (Superbox) business added 64,000 subscribers, maintaining a 74% market share, with 5G expected to further boost demand. Management highlighted this as the eighth consecutive quarter of real growth, navigating Turkey's 32.4% inflation, which exceeded the company’s initial 26.8% forecast. Despite the revenue rise from TRY 70.05 billion a year ago, diluted earnings per share decreased to 2.41 Turkish lira ($0.05) from 2.66 Turkish lira in the prior year. Earlier, on August 10, Turkcell sponsored the "5G and Artificial Intelligence for Smart Road Safety Competition" at Teknofest 2026, which featured 745 teams presenting AI- and 5G-driven road safety ideas. This followed news on July 24 that Mexican telecom billionaire Carlos Slim, via América Móvil, added Turkcell shares to his investment portfolio.
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