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26.11.2009 E.T.H. AG, FrankfurtTurkish firms placed top
in fast growing tech companies list released by Deloitte
Two Turkish firms, Biotekno and Millenicom, ranked at the top of the 2009 Technology Fast 500 Ranking for the region of Europe, Middle East and Africa (EMEA) released by Deloitte.
The ranking, covering 500 of the fastest growing public and private technology, media, telecommunications, life sciences and green technology companies from 26 countries in the EMEA region, is based on the companies’ five-year revenue growth.
With a five-year growth rate of 42,417 percent and revenue of 37.4 million euros in 2008, Biotekno, a mobile business integrator, ranked first in the list. Millenicom, operating in telecommunication and networking, was put in second place in the ranking with its 39,484 percent growth rate in revenue over the last five years. Another Turkish telecommunications firm, Cetech, ranked 10th with an 8,193 percent growth rate in its five-year revenue.
It is announced that Turkey climbed up the list with 10 more ranked companies this year compared to 2008. The list has a total of 30 companies from Turkey. Biotekno and Millenicom are also their sector winners, software and telecommunications/networking, respectively.
"Making the Deloitte Technology Fast500 is commendable in today’s highly competitive technology industry," said Oktay Aktolun, Technology, Media and Telecommunications Industry Leader and Partner of Deloitte Turkey. "We congratulate Biotekno and Millenicom on being one of the 500 fastest growing technology companies in the region."
The Technology Fast 500 list is compiled from Deloitte’s EMEA (Europe, Middle East and Africa) Technology Fast 50 programs, nominations submitted directly to the Fast 500. For more information about Deloitte technology Fast50 and Fast500 programs, please visit www.deloitte.com/fast500.
About Millenicom
Millenicom and Millenicom Turkey, which started its operations in 2004, are under the roof of European Telecommunication Holding. European Telecommunication Holding (E.T.H. AG) which is a Germany centered Turkish company, has respectable brands like Alovatan and Mobi while protecting is market leadership in various European countries in different fields of telecommunication industry.
Millenicom Turkey, which has A Type Long Distance Phone Service (LDPS) and Internet Service Providing (ISP) licenses given by Telecommunication Foundation, presents very high quality and economical voice service with interconnection processes completed with Telekom, Turkcell, Vodafone and Avea as well as high speed and performance broadband internet access across the country.
Millenicom Turkey is providing pre-selection telecommunications services to more than 30.000 corporate customers and expanding at a high rate within new customers. The Company, who realized Turkey’s first Call by Call service in September 2007, gives all its users the opportunity to make calls with high sound quality with its advantageous tariffs. 1045, which scored a unique success with its over 2.000.000 users in a short time, keeps its leadership in the market. It is also the first company in Turkey who presented calling cards and call shop businesses. Millenicom Turkey has entered ADSL market in May, 2009 with “Doping ADSL2 ” which has its own infrastructure. It has also started providing local calls since May 10th, 2009.
Millenicom Turkey presents uninterrupted, high quality and economical telecommunication solutions across our country with its investments. Over the network of Millenicom Turkey, over 200 million minutes of talk monthly can be made.