Turkish Incumbent Maintains Investment PlansJanuary 2009 | Company News Alert
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Turkey's incumbent telecoms operator, Türk Telekom, has confirmed that it is to stick to its investment plans and sales targets for 2009, despite worsening economic conditions, reports Hurriyet newspaper. Chief executive officer Paul Doany confirmed that Türk Telekom's un-cut capital expenditure plans for the current year include around TRY1.3bn (US$804mn) on its fixed-line unit. Doany also said that the company may even accelerate work to improve and expand its fixed-line infrastructure while the price of copper is so low. Türk Telekom is targeting 8-10% growth in total sales, and will need to spend EUR252mn (US$327mn) paying for its 3G licence, as well as an undisclosed sum building out a 3G network.