Türk Telekom TV Home subscribers flat at 1.5 million in 1Q 2022

Türk Telekom Group announced its financial and operational results. “Turkey’s Multiplay Provider” Türk Telekom has 17.0 million fixed access lines, 14.5 million broadband, 2.9 million TV and 24.4 million mobile subscribers as of March 31, 2022.

1st Quarter 2022 Operational Highlights

Total number of Türk Telekom subscribers reached 52.2 mn with 350K net additions in Q1’22. Net subscriber additions were 1.6 mn during the last twelve months.

Fixed broadband subscribers rose to 14.5 mn with net additions of 151K in Q1’22, only a tad behind our expectation. Broadband ARPU growth of 14.5% was slightly higher compared to both Q4’21 and Q1’21 levels.

Fibre subscribers reached 10.3 mn with 729K quarterly net additions. The number of FTTC subscribers reached 7.3 mn, while the number of FTTH/B subscribers increased to 3.0 mn. The share of fibre customers in our fixed broadband base increased to 71.2% from 53.8% a year ago.

Fibre cable network length increased to 372K km as of Q1’22 from 366K km as of 2021 and 336K km as of Q1’21. Fibre network covers 30.6 mn households as of Q1’22 compared to 30.2 mn as of 2021, reflecting the continued focus on fibre rollouts. FTTC homepass increased to 21.6 mn while FTTH/B homepass reached 9.0 mn.

In Q1’22, the number of TV Home subscribers remained flat QoQ at 1.5 mn.

Operational Performance

                                                                                                       QoQ     YoY
                   2020 Q1  2020 Q2  2020 Q3  2020 Q4  2021 Q1  2021 Q2  2021 Q3  2021 Q4  2022 Q1  Change  Change
                   -------  -------  -------  -------  -------  -------  -------  -------  -------  ------  ------
Subscribers (mn):
Total TV[1]            3.4      3.3      3.2    3.1        3.1      3.0      3.0      2.9      2.9  (1.0)%  (5.1)%
 Tivibu Home[2]        1.6      1.5      1.5    1.5        1.5      1.5      1.5      1.5      1.5  (1.1)%  (2.6)%

Home TV ARPU          18.2     19.0     19.4    20.8      20.8     21.6     22.1     23.0     24.3    5.4%   16.8%

1. Includes IPTV, DTH and Tivibu GO subscribers
2. Includes IPTV and DTH subscribers