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Turkcell Iletisim Hizmetleri reported strong financial results for Q4 2020, with revenues of TRY 7,872 million, up 18% from the previous year. The full-year revenue reached TRY 29,104 million, reflecting a growth of 15.8%. EBITDA increased by 18%, resulting in a margin of 42.2%. Net income rose by 72.3% to TRY 1,302 million, boosted by deferred tax income. The company's operational metrics include a subscriber growth of 1.1 million in Turkcell Turkey, driven by a 15% increase in mobile ARPU. For 2021, Turkcell targets a revenue growth of 14-16%.
BiP, Turkey's local communication platform developed by Turkcell, has reached 64 million downloads, with 12 million outside Turkey. It has surged in popularity, ranking as the most downloaded communication app in several Gulf countries, including Bahrain and Saudi Arabia. The platform offers features like HD voice/video calls for up to 10 users, disappearing messages, and simultaneous translation in 106 languages. Turkcell remains committed to enhancing BiP’s global presence with new features.
BiP, a communication platform from Turkcell, recently saw an influx of 4.6 million new users in just three days. This operator-free application, available in 192 countries, emphasizes secure messaging, voice, and video calls, with data stored in Turkey. BiP's features include a Coronavirus Information Hotline, a unique Emergency Button, and translation capabilities for 106 languages. Executive VP Ataç Tansuğ assures users that no data is collected without consent. With 1 million customers in the Caribbean, BiP continues to grow globally while focusing on user security and privacy.
