Tellcom İletişim Hizmetleri A.Ş., founded in 2004, merged its strength and brands with those of Turkey's leading Internet provider, Superonline Uluslararası Elektronik Bilgilendirme, Telekomünikasyon ve Haberleşme Hizmetleri A.Ş. in May 2009, to operate under the brand name "Superonline". Turkey's innovative telecom operator Superonline is continuing its investments in order to become a complete solution and service provider for its corporate and individual customers.
Following its establishment, Superonline obtained the license for long distance telephone services (LDTS), which allows it to provide long-distance call origination and termination for individual and corporate customers, as well as wholesale voice-carrying services. The Company received its Internet service provider license in February 2005, and was granted a landline data transmission license in June 2005 and an infrastructure operating license in April 2006.
Superonline won a major infrastructure tender initiated by the Turkish Electricity Transmission Corporation (TEIAS) in January 2007, and has been granted the 10-year operational rights for a fiber-optic cable between Istanbul and Ankara. In 2007, Superonline became the first alternative operator in Turkey to carry domestic traffic. Superonline provides its customers with affordable packages for fiber Internet, the most advanced Internet-access technology in the world. With its fiber-optic-infrastructure investments completed within a relatively short timeframe, Superonline introduced its customers to 100 mbps Internet connections in 2007.
On December 2009, Superonline won the public tender for the 15-year lease of BO TAS's fiber optic infrastructure, with a bid of EUR 20.9 million, and has been granted the right to use BO TAS's 11,280 km of routes. These routes enable Superonline to access all of Turkey's regions.
In 2010, Superonline's fiber-optic network reached 580,000 home passes. In 2010, its contribution to Turkcell's financials continued to improve with a 32.8% revenue growth and an EB ITDA margin of 9.8%. Throughout the year, the focus on the higher-margin residential segment increased, resulting in year-on-year segment revenue growth of 70%. Corporate segment revenues grew by 30%, leveraging the strengths of the Turkcell Group, while wholesale revenues grew by 26%, in line with increasing Group synergies.
|Summary data for Superonline||2009||2010||y/y % chg|
|Revenue (TRY million)||252.4||335.1||32.8%|
|EBITDA1 (TRY million)||3.6||32.9||813.9%|
|Capex (TRY million)||259.5||480.3||85.1%|
|1 EBITDA is a non-GAAP financial measure. See page 14-15 of 2010 Press Release at
http://www.turkcell.com.tr/c/docs/announcements/ announcements_2011_0223_Q4_2010_press_ release.pdf for the reconciliation of EB ITDA to net cash from operating activities. Please note, however, that following the publication of the reconciliation in our Q4 2010 results on February 23, 2011, we have made changes to the manner in which we account for the impact of changes in foreign exchange rates in our statement of cash flows for 2010. As a result, we expect to revise our presentation of prior periods, including the Q4 2010 reconciliation.