Turkcell Iletisim Hizmetleri AS Q4 2019 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Alexander Vengranovich - Renaissance Capital, Research Division - Analyst : I have a follow-up question on your FX position and the outlook for this year. So obviously, you turned into more or less like a neutral FX position now, which is mainly driven by the hedges you have. Do you think you might be considering just exactly increasing the share of your Turkish lira-denominated loans and decreasing the natural share of the foreign currency loans just to avoid the cost of the hedges in the future, as the interest rates in Turkey are getting more affordable in local currency? Do you think it might be the option you're going to use this year going forward, if the rates continue to go down?

Question: Alexander Vengranovich - Renaissance Capital, Research Division - Analyst : Okay, got it. And the second question on your mobile business and the level of the competition that you might expect this year. If you look at the subscriber data, obviously, Vodafone Turkey, like losing the market share. Do you feel there might be some push from their side this year to recover the market share, which might be somehow affecting your churn levels and the subscriber base and potential necessity that might be offering more affordable tariffs for the customer? Or you think they're going to remain a more passive player on the market?