Vodafone says to invest 1.3 billion TL in Turkey in 2009

Vodafone Turkiye, Turkey's second largest mobile phone operator, will invest 1.3 billion TL (nearly 760 million USD) in Turkey this year, company's chief executive officer Serpil Timuray said on Tuesday.

Vodafone says to invest 1.3 billion TL in Turkey in 2009

At her first press conference after being appointed as CEO at the beginning of 2009, Timuray said that Vodafone's Turkish unit has invested 6 billion USD so far in Turkey, including acquisition and network infrastructure, and added that they would not slow down investments this year as well.

Asked about company's performance after number portability, which was introduced in Turkish GSM market at the end of last year allowing subscribers to switch operators while keeping their numbers, Timuray said that Vodafone lost 600,000 subscribers and gained 200,000 new customers in the fourth quarter of 2008.

Asked if Vodafone dropped out of the competition in Turkish market, Timuray said Vodafone has not given up.

"Turkey is a priority and there is an expectation of a success story. Vodafone is looking long term at markets like this," she said.

Vodafone plans to increase the number of stores to 900 and employ 500 more in 2009, Timuray added.


Güncelleme Tarihi: 03 Mart 2009, 15:46