1. | Caspian Telecoms 2010 Conference
April 29th, 2010

2. TI Sparkle overview
Leading global service provider, offering Voice, IP and Data solutions for fixed- line and mobile operators, ISPs and multinational corporations (MNCs)
Wholly owned subsidiary of Telecom Italia created in 2003 with the objective of developing the international wholesale and MNCs business and of supporting TI Group business units for the provisioning of international Services
Company Data
Operational KPIs (2)
EOY ‘09
EOY ‘09
Headcount
TI Sparkle
Subsidiaries (1)
Main offices abroad
Network coverage
# Cities
# PoPs (incl. Telehouses)
Virtual PoPs through partners
Voice traffic
19 Bn/Mins
878
257 31 49
121
> 1,000
IP/Data
2 Tbps
MNCs
3,300 Circuits
(1) excluding Elettra
(2) TI Sparkle only 2 2

3. TI Sparkle Service Portfolio Offer
Voice, IP and Data solutions for Fixed and Mobile Operators, ISPs and Multinational Corporations
Global Termination
Wholesale VoIP
Voice Outsourcing
Prepaid Services
International & Universal Toll Free Services
ISDN Transit Services
IPX Solutions
Global IP connectivity
Managed Bandwidth
Ethernet over SDH /MPLS
Internet security platform
Restoration and protected solutions
Content Delivery Network
Global Signalling
GRX
IPX
MMS & SMS Hubbing
Roaming Hub
Outbound Roaming Solution (Dual IMSI)
SMS Transit
Managed Bandwidth
IP-VPN
Carrier-grade IP-MPLS
VoIP
Internet access
Mobility solutions
Video Solutions
Full Outsourcing
Content Delivery Solutions

4. TI Sparkle Positioning
Top WW Voice Carriers
IP Backbone Ranking
2008 Bn Mins
Level 3
Sprint
Global Crossing
Savvis
Telianet
Verizon
Tata Communications
TI Sparkle …. 1 2 3 4 5 6 7 11
30.7
28.0
23.1
21.1
19.1
17.0
16.3
14.7
12.5
Open market
Source: Telegeography 2010
Home market
Source: Renesys, April 2010
VOICE
#5 for worldwide traffic collected on an international wholesale basis (Telegeography)
IP&DATA
“Seabone”, TI Sparkle IP Backbone, ranked #1 in the Mediterranean, #3 in Europe, #11 worldwide (Renesys)
Italy, through TI Sparkle nodes in Sicily, is recognized as the top internet hub for Africa (Telegeography)
MOBILE
Among the few global players active today within the wholesale mobile market
MNCs
#1 in Italy, challenger in Europe and emerging player on the global market

5. TI Sparkle answers to Mobile Operators needs in Eastern Europe
Among Eastern European Countries, Turkey, Russia, CIS and Caspian, represent strategic target for TI Sparkle in terms of development for voice, data and mobile business
Traffic increase and number of emerging mobile operators in the region confirm the high potential for wholesale business
TI Sparkle is the leading Partner for voice, signaling , roaming and hubbing services, thanks to:
More than 500 direct voice I/C (+80 with MNOs : 40 in Europe mainly concentrated in EE
More than 570 GSM Roaming Agreements
More than 100 3G Roaming Agreements
More than 210 CAMEL Roaming Agreements
More than 310 GPRS Roaming Agreements
More than 800 SMS Hub Destinations,
More than 300 MMS Hub destinations,
Signalling connectivity to +800 MNOs
GRX connectivity to +400 MNOs 5 5

6. TI Sparkle mobile data portfolio
TIS fits MNOs connectivity needs by supporting the always growing requirements in terms of speed, capacity, security and QoS through Global Signaling, ITU/Ansi, GRX, IPX and provides access to a multiplicity of outsourced services such as Traffic Steering, VHE, Dual IMSI, SMS/MMS and Roaming Hub (GPRS, CAMEL, UMTS) helping existing MNOs to extend and enhance their coverage and new MNOs in instantly gaining access to a broad community of MNOs without the pain and cost of setting up and manage bilateral relationships. 6 6

7. TI Sparkle answers to Operators needs in Outsourcing Services
Specifically designed for small incumbents, OLO’s, MNO, MVNO, ISP, CATV, satellite bandwidth providers TI Sparkle Outsourcing Products, called W.A.V.E
( Wholesale Aggregation Voice Expertise), is the best solution for managing Int’l Traffic, granting KPI and SLA performances based on pre-established objectives
W.A.V.E. provides the end-to-end management of our customers international wholesale voice traffic.
W.A.V.E. gives to the customer the possibility to redirect non core wholesale business reducing the global cost and focus on its core business
Outsourcing Solutions & Interconnection Models
Retail Customers
VO customer
TIS
Preferred Partner
Single interconnection between TIS and VO Customer: VO Customer will collect voice traffic from its retail customers and send it on a direct and undistinguished link to TIS.
W.A.V.E. ADVANTAGES FOR CUSTOMERS
OPEX and CAPEX Reduction
Savings on settlement and admin activities
Saving on routing and technical activities
Price Stability
Access to skill and methodologies
Time to Market
SP 1
Customer
TIS
SP 2
Wholesale Enabler
SP 3
Direct interconnection (virtual or phisical) between TIS and each Service Provider of VO customers : VO Customer will collect wholesale voice traffic from SP and send it to TIS on dedicated links for each one of them 7 7

8. TI Sparkle Balkans Backbone as Alternative Route to Europe
A new Backbone into Turkey:
Terrestrial route (through Bucarest) operational since Dec ’09
Submarine link to Italy under completion (RFS Q3 ’10)
Alternative and diverse physical routing for improved resilience and performance
Seabone, TIS Top tier IP Transit service is NOW available in Istanbul and in Bucharest, through its global 1.5 Tbps IP backbone
In Sicily are hosted the most popular Internet content > reduced latency for a better eyeball Internet experience
Bucharest
Istanbul
Budapest
Wien
Bratislava
Athens

9. About MedNautilus
Sparkle operates in Turkey through Mediterranean Nautilus (MedNautilus), its wholly-owned subsidiary, which runs a unique, ring-based topology submarine cable system in the Mediterranean Basin.
MedNautilus has constructed a 2000 m2 Telehouse and Data Center, with the highest availability, capacity, and security standards to match the requirements of most demanding Data Center applications. 9