NJJ Capital SAS agreed to acquire lifecell LLC, LLC Global Bilgi, and LLC Ukrtower from Turkcell Iletisim Hizmetleri A.S. (IBSE:TCELL) on December 20, 2023. As of December 29, 2023, NJJ Capital SAS signed an agreement to acquire lifecell LLC, LLC Global Bilgi, and LLC Ukrtower from Turkcell Iletisim Hizmetleri A.S. (IBSE:TCELL). The enterprise value of Turkcell's subsidiaries in Ukraine, namely Lifecell LLC, under the lifecell brand and Ukraine's third largest mobile operator; Global Bilgi LLC, a contact center outsourcing company; and Ukrtower LLC, a tower rental service provider, will be approximately $525 million.

The final sale price will be determined as part of the adjustments that will be effected to account for cash and debt after the transaction has been closed. The completion of the transaction is planned upon obtaining the necessary regulatory permissions. Turkcell Iletisim Hizmetleri A.S. board of directors approved the transaction.

The Antimonopoly Committee has identified grounds for a ban on the acquisition. The transaction is expected to close between April and September 2024.