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April 26 2006
 

Turkcell (NYSE: TKC, ISE: TCELL), the leading provider of mobile communications in Turkey, announced today that its total number of subscribers reached 28.74 million as of March 31, 2006 in a stable macroeconomic environment.

This is an increase of 3.0% from 27.90 million as of December 31, 2005.


Turkcell added approximately 843,000 net new subscribers in the first quarter of 2006. Turkcell's subscriber base consists of 5.47 million postpaid and 23.27 million prepaid subscribers. New gross subscribers acquired in the first quarter of 2006 consisted of 89% prepaid and 11% postpaid subscribers.


The continuation of aggressive price based offers of competitors, while further supporting overall growth in our market, led to an increase in our churn rate to 3.51% from 2.86% in the fourth quarter of 2005.


Mr. Muzaffer Akpinar, Turkcell's CEO, commented, "We are pleased with the growth trends and we believe we are well positioned to meet upcoming challenges in our market."