KIEV, March 5 ??“ Turkey's Turkcell and Ukraine??™s System capital Management (SCM) are ready to invest an extra $300 million in Astelit Ltd., a Ukrainian cell phone company they jointly own, to save it from bankruptcy.

Astelit Ltd., which sells mobile phone services uner the brand life:), has been persistently failing to generate profits and revenue in line with forecasts thus delaying payments on loans.