Note: Other Revenues include TT International (formerly Pantel) acquisition effect, which was completed in Q4 2010

Note: Other operators’ figures are from their published financials. Vodafone‘s EBITDA Margin figure is from their 2012 financials

Note: Other operators’ data are from their own publications

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Source: Cisco IBSG, 2012

Source: Turk Telekom Company Data and Analysis Mason for other operators.

Source: ICTA & Central MNP Database

24% 25% 33%