Dentons advised Turkcell, the leading mobile phone operator in Turkey, in Ukraine on the acquisition of SCM Holdings Limited’s (“SCM”) 44.96 percent stake in Euroasia Telecommunications Holding B.V. based in The Netherlands, in which Turkcell holds a 55.04 percent stake. Euroasia owns 100 percent of Ukrainian mobile operator LLC Astelit, which operates under the brand “life:)” on the Ukrainian mobile market. SCM’s 44.96 percent stake will be acquired for US$100 million.

The Dentons Kyiv team was led by Partner Adam Mycyk with significant input from Associates Anna Tkachenko and Yaroslav Malomuzh.

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