General Manager of Türk Telekom Paul Doany said the era of expanding business with the traditional path of mergers and acquisitions has nearly come to an end for telecommunication companies virtually everywhere in the world. “In the tenders in Bulgaria and Macedonia, authorities determined appraisal values for the telecom companies that were much higher than their actual values. We would have paid 200 million euros if we had bought Macedonia Telecom. Instead, we will grow by investing in much less costly technology companies,” Doany noted.
Speaking on Thursday at the International Telecommunication Union (ITU) Telecom World 2009 conference in Geneva, Doany disclosed the basic parameters of its most updated growth policies. Türk Telekom is attending this year's conference with its technology companies Argela, İnnova and Sebit. “While the revenues from fixed-line voice-transfer services are stagnating, earnings from data transfers and ADSL services are increasing rapidly,” Doany explained.
Türk Telekom is currently made up of eight technology companies with trade connections with a number of companies, including Saudi Arabia, India, Egypt and the US. For instance, Vitamin, an education-support program for primary and high school students by Sebit, found customers in the US after it was translated into English. Sebit is working on Spanish and Arabic translations of this program to reach these markets as well.
Doany disclosed that the company is also planning to enter the Brazilian market with Vitamin after translating it into Portuguese. Türk Telekom's target is to obtain 20 million users for Vitamin worldwide.
The company is also planning to penetrate the Tunisian, Moroccan, Brazilian, Nigerian, Colombian and Malaysian markets shortly.
