Ministry of Transport, Maritime and Communication

Turkey to launch 5A satellite next week

Turkey plans to launch a communication satellite on the night between Monday and Tuesday next week, the country's transport and infrastructure minister announced on Dec. 30. 

Following the Turksat 5A satellite, the country will also launch another communication satellite, the Turksat 5B, in June, Adil Karaismailoğlu announced in Turkey's Black Sea province Ordu.

Türk Telekom announces loss due to slump in lira, rise in financing costs

Integrated telecommunications company Türk Telekom posted an annual loss of 888.6 million Turkish Liras ($183 million) in the second quarter compared to a net profit of 890 million liras in the same period of 2017, due to the falling value of Turkey's currency and an increase in its financing costs, it said in a statement to the main Istanbul stock exchange on July 25.

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