Invitel Holdings has agreed to sell its international wholesale business to Turk Telekom for an enterprise value of EUR 221 million. Invitel’s International Wholesale Business comprises the entire issued share capital of Invitel International, including its subsidiaries AT-Invitel, Invitel International Hungary and EuroWeb Romania. The total cash consideration for the transaction is approximately EUR 197 million, subject to customary closing adjustments. The completion of the transaction is subject to certain closing conditions, including regulatory approvals.