For Immediate Release

HC Investment Banking acts as financial advisor to the Tukcell’s led consortium bidding for the Egyptian 3rd mobile license

Cairo, Egypt -May 24th, 2006- A consortium led by Turkcell has submitted its technical proposal to bid for the 3rd mobile license on May 4th 2006. Turkcell is bidding for the 3rd mobile license along with Amwal Al Khaleej, a private equity firm based in Saudi Arabia, and Banque Misr, the second largest bank in Egypt.

Turkcell will hold a majority stake and act as the operator given its vast experience in building and operating mobile networks. The consortium has hired HC Investment Banking as its financial advisor for the transaction. Turkcell’s consortium is among the strongest contenders for the 3rd license given Turkcell’s experience is successfully managing operations in Turkey, Georgia, Moldova, Azerbaijan, Ukraine, Northern Cyprus and Kazakhstan among others.

Turkcell is listed in the Istanbul Stock Exchange as well as the New York Stock Exchange. HC is a leading Egyptian financial advisory and investment banking firm with over 10 years of experience in the MENA region.


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Salah El Din Alwy
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