You wouldn’t know it by the share price, but management’s plans and efforts to drive growth, and more profitable growth, at Turkcell (TKC) are working well. Turkcell continues to leverage its network superiority to generate postpaid subscriber growth, as well as increased data consumption, and the results are showing up in the revenue and margin performance. Turkey’s overall economy remains a risk factor, as does the company’s fractious ownership group, but the shares continue to look undervalued.
Data Driving Growth
Turkcell posted better than 17% revenue growth for the first quarter and beat