Turkcell (NYSE:TKC, ISE: TCELL), a communications and technology company in Turkey has announced that following a legal change , its Machine to Machine (“M2M”) solutions are now expected to save TRY1 billion for the Turkish economy in 2012.
In line with the changes to the Law numbered 6322, which is also known as the “Omnibus Bill” by the public, the special communication tax of TRY37 on new subscriptions on SIM cards, which are used for transferring data between machines, is lifted.
Turkcell chief corporate business officer Selen Kocabas commented that
“It is critical for Turkey to have the appropriate infrastructure and conditions to have a competitive advantage. We led Turkey to experience this advantage. There are potentially around 150 million remote devices in the Turkish market, and this latest legal amendment marks a crucial step.”
“The lightening of the customers’ taxation burden regarding this technology, which is used very widely, from logistics to agriculture, from water to electricity meters and the white goods sector, effectively turning machines into a regular source of tax, will ensure increased revenues for the Treasury. Enlarging the market means an increase in employment for those producing and marketing remote devices, as well as those developing applications for them.”
“In line with the removal of the obstacles in this market we expect increasing interest in Smart Energy, Smart Industry, Smart Vehicles, Smart Buildings, and Smart Health solutions; we thereby foresee the number of devices that use Turkcell SIM cards reaching 1.2 million, with savings provided through M2M solutions rising to TRY1 billion from TRY318 million in 2011.”
Interest in M2M solutions, which help decrease fuel cost, energy loss and theft, and costs on inventory, as well as preventing food spoilage, is now set to increase, ensuring operational efficiency.