Special Subjects:
As we announced in November 2009, and in subsequent disclosures related to the issue, Turk Telekom has initiated a court case against Turkcell seeking compensation for loss, which it claimed stemmed from the international interconnection agreement signed between Turkcell and Milleni.com GMbH. The Court had partially rejected Turk Telekom’s request amounting to TRY171,703,895, and approved the case in the amount of TRY279,227,318.
As a result of the appeal of both Companies, the Court of Cassation cancelled the local court’s decision. Accordingly, in its cancellation decision, the Court of Cassation did not accept the expert report prepared to calculate the compensation to be paid to Turk Telekom for this breach. Should the local court issue a compliance decision, another expert analysis would be made to provide a basis for the calculation of compensation to be paid to Turk Telekom. As a result of this analysis, compensation will be recalculated for the period between July 2001 and December 2003 when Turk Telekom’s monopoly ended. Separately, and contrary to the local court’s initial decision, there would be no interest charged on compensation to be calculated following the new evaluation process for the period prior to the filing date of August 5, 2005. The interest will be charged as of 5 August 2005.
Following this decision, both parties have the right to appeal the decision. We are not planning to set aside provisions additional to those previously set.
TURKCELL ILETISIM HIZMETLERI A.S.
For further information please e-mail to investor.relations@turkcell.com.tr
or call Turkcell Investor Relations (+ 90 212 313 1888)