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Turkcell Provides Update On The Progress Of Its Investment In Iran

Istanbul, Turkey: September 23, 2004 - Turkcell (NYSE: TKC, ISE: TCELL), the leading provider of mobile communications in Turkey, announced today an update on its operations in Iran in the light of recent media reports stating that the GSM license agreement had been signed establishing Turkcell as the second GSM operator in Iran.

The GSM license agreement has been signed between Irancell, the company that will carry out the GSM operations in Iran, and the Iranian government. However, Irancell will not become a licensed GSM operator until the license fee of 300 million is paid.

Turkcell will make a further announcement once the GSM license transferred to Irancell.

About Turkcell
Turkcell is the leading GSM operator in Turkey with 20.9 million postpaid and prepaid customers. Turkcell provides high-quality wireless telephone services throughout Turkey and has coverage of 100% of the towns with more than 10,000 inhabitants. Turkcell provides roaming with 405 operators in 167 countries as of June 30, 2004. Turkcell is the only NYSE listed company in Turkey. Turkcell has interests in international GSM operations in Azerbaijan, Georgia, Kazakhstan, Moldova and Northern Cyprus, which have a total of 3.0 million subscribers as of June 30, 2004.

... Payvand News - 9/24/04 ... --

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