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Oger Telecom posts FY sales of USD 5.79 billion
June 21st, 2007 10:01 am Oger Telecom reported a net profit of USD 1.283 billion on sales of USD 5.79 billion for 2006. The privately held company did not release comparative figures, but noted that results were affected by a string of acquisitions including Cell C in South Africa, Avea in Turkey and ISP Cyberia in the Middle East. Operating profit totalled USD 1.346 billion and EBITDA was USD 2.745 billion. At its main operation Turk Telekom, revenues fell to TRY 7.219 billion from TRY 7.478 billion a year earlier due to lower PSTN revenues. The company finished the period with 18.72 access lines, while ADSL subscriber numbers rose 83 percent in 2006 to 2.82 million. EBITDA fell to TRY 3.828 billion from TRY 3.932 billion in 2005. At Avea, in which Oger holds 81 percent through Turk Telekom, subscriber numbers grew 23 percent to 7.5 million and revenues were up 18 percent to TRY 1.259 billion. Blended ARPU was stable at TRY 14.9, while the mobile operator had its first year of positive EBITDA, at TRY 172 million. Cell C grew its subscriber base 12 percent to 3.2 million, and ARPU increased 7 percent to ZAR 132. Revenues rose 19 percent to ZAT 6.546 billion, and EBITDA was down 15 percent to ZAR 459 million due to start-up costs for the venture with Virgin Mobile.