Turkcell (TKC) Q2 2025 Earnings Call August 13, 2025 01:00 PM ET Speaker0Ladies and gentlemen, thank you for standing by. I am Jyote, your Chorus Call operator. Welcome and thank you for joining the Turkcell's conference call and live webcast to present and discuss the Turkcell's Second Quarter twenty twenty five Financial Results. All participants will be in a listen only mode and the conference is being recorded. The presentation will be followed by a question and answer session.At this time, I would like ...

Core Insights - The report reveals significant improvements in broadband user experience in China, with fixed broadband average download speed reaching 99.14 Mbit/s in Q4 2024, a 3.51% increase from the previous quarter and a year-on-year growth of 15.26 Mbit/s, equating to an 18.2% annual growth rate [1] - Mobile broadband users also experienced enhanced speeds, with an average download rate of 157.53 Mbit/s for 4G and 5G networks, reflecting a year-on-year increase of 21.78% [1][2] - The implementation of the "14th Five-Year Plan" has led to substantial advancements in broadband infrastructure, with fiber access (FTTH/O) ports reaching 96.5% by the end of 2024, and nearly 80% of global gigabit access ports located in China, totaling 28.2 million [1] Fixed Broadband Performance - In Q4 2024, the top three cities for fixed broadband download speeds were Shanghai, Tianjin, and Beijing, with China Telecom achieving the highest average fixed broadband download speed of 99.69 Mbit/s [4] - The overall fixed broadband user download speed has increased by 1.86 times compared to the end of the "13th Five-Year Plan" period [2] Mobile Broadband Performance - The average download speed for 4G networks was recorded at 47.41 Mbit/s, while 5G networks achieved an impressive average of 248.68 Mbit/s, with year-on-year increases of 9.04% and 8.71% respectively [6][7] - Major cities such as Shanghai, Beijing, and Tianjin led in mobile broadband download speeds, with China Mobile reporting an average mobile broadband download speed of 160.38 Mbit/s [4] Infrastructure Development - By the end of 2024, gigabit broadband users reached 207 million, accounting for 30.9% of total users and nearly 70% of global gigabit broadband users [1] - The number of 5G base stations reached 4.251 million, enabling "5G access in every town" and resulting in 1.014 billion 5G mobile phone users, representing 56.7% of mobile phone users [2]

Core Insights - Vodafone's key German market is experiencing a continuous decline in revenue, leading to forecasts of flat or marginal growth in EBITDAaL for the upcoming fiscal year [1] - The company expects EBITDAaL for the fiscal year ending March 2026 to be between €11 billion and €11.3 billion, with the lower end being roughly in line with the previous fiscal year [1] - The impact of a new law in Germany prohibiting landlords from bundling TV and broadband fees with rent has significantly affected Vodafone's performance [1] Financial Performance - Vodafone's overall service revenue unexpectedly declined by 5% in the last fiscal year due to the impact of the German law and a loss of over 100,000 broadband customers [1] - However, the decline in broadband customers has eased towards the end of the year, and the company continues to add mobile customers [1] - The company's organic service revenue grew by 5.4% year-on-year in Q4 of FY2025, surpassing analyst expectations of 4.2% [2] Strategic Developments - Vodafone's transformation under CEO Margherita Della Valle is ongoing, with the recent approval of the merger with CK Hutchison's Three UK business [2] - The company has announced a new stock buyback program of up to €2 billion, with an initial tranche of €500 million to be initiated immediately [2] - Vodafone is in the process of finding a successor for CFO Luka Mucic, who is leaving to become CEO of Vonovia SE [2]