May 18, 2010 14:00

May 18, 2010 dated Regulatory Disclosure – Acquisition of Invitel International

Published under Investor Relations

We have signed a share purchase agreement to acquire 100% of Invitel International AG (including its subsidiaries), AT-INVITEL GmbH, Invitel International Hungary Kft and S.C. EuroWeb Romania S.A. from Invitel Holdings A/S for an enterprise value of 221 Mn Euro. The total cash consideration for the transaction is approximately 197 Mn Euro; subject to customary closing adjustments.

Invitel International is the leading independent provider of wholesale data and capacity services in Central and South-Eastern Europe with a high-quality 27,000 km optical fiber network and presence in 16 countries. Invitel International’s Revenue and Recurring EBITDA as of 2009 year-end are 121.1 and 41.6 Mn Euro, respectively.

Our General Assembly shall convene on June 8th, 2010 to discuss the transaction and delegate the authority to our Board. Apart from General Assembly approval, completion of the transaction is subject to certain closing conditions, including regulatory approvals.

The acquisition will allow Türk Telekom to capitalize on its unique geographic “hub” location by connecting increasing data/broadband traffic within the Central Eastern European region, and from Turkey, Middle East and Asian markets to Western Europe and the United States. In addition, the acquisition provides opportunities for synergies between Invitel International and Türk Telekom, and will further strengthen both organizations’ relationship with their international data and broadband customers, for whom dependable end-to-end service is critical.