Kyiv, 7 August2015— Dentons advised Turkcell, an integratedtelecommunications and technology services provider, in Ukraine on theacquisition of SCM Holdings Limited’s (“SCM”) 44.96 percent stake in EuroasiaTelecommunications Holding B.V. based in The Netherlands, in which Turkcellpreviously held a 55.04 percent stake. Euroasia owns 100 percent of Ukrainianmobile operator LLC Astelit, which operates under the brand “life:)” on theUkrainian mobile market. SCM’s 44.96 percent stake has been acquired byTurkcell for US$100 million with a deal that was closed on July 10, 2015.

The Dentons Kyivteam was led by Partner Adam Mycyk with significant input from Associates AnnaTkachenko and Yaroslav Malomuzh.

Partner Adam Mycyk commented:“We are extremely delighted to have helped our client, Turkcell, to bring thishigh profile transaction to its successful completion. This is indeed asignificant transaction for the Ukrainian telecoms industry, and this againunderscores our strong industry and M&A capabilities in Ukraine, as well asTurkcell’s commitment to Ukraine.”

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NOTES TO EDITORS

About life:)

Founded in 2005, life:)entered the Ukrainian mobile telecommunications market as the third player. Theoperator, 55%-owned by Turkcell, has demonstrated solid growth in bothsubscriber number and market share over the past few years. life :) currentlyserves approximately 14 million Ukrainians, and is the market leader insmartphone penetration at 36%. The percentage of 3G-compatible devices on thelife:) network is 40%, which puts the operator in a uniquely advantageousposition in making an impact in the lives of its Ukrainian customers throughits 3G offering.

About Dentons

Dentons is a global law firm driven to provide a competitive edge in anincreasingly complex and interconnected world. A top 20 firm on the Acritas2014 Global Elite Brand Index, Dentons is committed to challenging the statusquo in delivering consistent and uncompromising quality in new and inventiveways. Dentons' clients now benefit from 3,000 lawyers and professionals in morethan 80 locations spanning 50-plus countries. With a legacy of legal experiencethat dates back to 1742 and builds on the strengths of our foundationalfirms—Salans, Fraser Milner Casgrain (FMC), SNR Denton and McKenna Long &Aldridge—the Firm serves the local, regional and global needs of private andpublic clients. www.dentons.com

 

For further information, pleasecontact:

Tetiana Babinska, BusinessDevelopment & Marketing Manager

Kyiv

+38044 494 47 74

tetiana.babinska@dentons.com