ISTANBUL: Turkish telecom operator Turkcell plans to increase investment this year to prepare new data centers and grids for 5G services, its chief executive officer Ali Taha Kok said.
Koc also said that the company has poured an amount equivalent to almost a quarter of this year’s revenue into investments, mainly to prepare data centres, solar power plants and 5G networks. he added.
“The most important of these is getting ready for 5G. We need to install fiber-optic cables at base stations so that they can handle the high capacity that 5G requires. Preparing the infrastructure We have to. We’re investing a lot in our infrastructure. That’s why our capital expenditures are high,” Koch said.
Kok also told reporters late Thursday that the company would consider foreign investor interest in the initial public offering plans of Super Online, Global Tower and Paycel.
Koc said current market conditions do not allow for proper valuation of these units for public offering.
