Kcell valued at over USD 2 bln in IPO

Thursday 29 November 2012 | 09:28 CET | News
Kazakhstan mobile operator Kcell has priced its IPO at USD 10.50-13.00 per global depositary receipt. This gives the company a market capitalization of USD 2.1-2.6 billion. Pricing of the IPO is expected on 12 December, with trading in Almaty and London to begin the same day. The offering consists of a sale by TeliaSonera of 50 million shares, including the GDRs, representing 25 percent of Kcell's share capital. After the IPO, TeliaSonera's stake will fall to 61.9 percent.

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Kcell / TeliaSonera
Countries: Kazakhstan
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Kcell share offering priced at bottom of range

Published 12 Dec 2012 10:28 CET | Kazakhstan
TeliaSonera's Kazakhstani subsidiary Kcell has announced the pricing of its initial public offering at USD 10.50 per GDR and KZT ...

Kcell claims 48% market share in Kazakhstan

Published 04 Dec 2012 17:19 CET | Kazakhstan
Kazakshtan mobile operator Kcell's market shares in terms of subscriber numbers totals 47.8 percent, Veysel Aral, the CEO of ...

Telecom sector under pressure - what's to be done?

Published 04 Dec 2012 14:31 CET | World
The telecom sector is under pressure from a number of sources: cable operators, over-the-top (OTT) providers such as Google and ...

TeliaSonera to sell shares in Kcell IPO

Published 13 Nov 2012 13:21 CET | Kazakhstan
Kazakhstani mobile operator Kcell announced its intention to conduct an initial public offering of its shares in the form of ...

Kcell mulls GBP 500 mln IPO in London – report

Published 05 Nov 2012 12:14 CET | Kazakhstan
Kazakh mobile operator Kcell plans to list about a quarter of its equity for up to GBP 500 million. Preparations have been ...

78.1 million
Mobile Sims
United Kingdom  |  2016 Q2

Calendar   /   Industry Events

24 Oct OpenStack Summit
25 Oct IoT Solutions World Congress
27 Oct Twitter Q3 2016
27 Oct Mellanox Q3 2016
27 Oct Televisa Q3 2016
27 Oct Ingram Micro Q3 2016
27 Oct Telenet Q3 2016
27 Oct NextGenTel Q3 2016
27 Oct BT fiscal Q2
27 Oct STMicroelectronics Q3 2016
27 Oct Neustar Q3 2016
27 Oct ShoreTel fiscal Q1
27 Oct Avnet Q3 2016
27 Oct Lumentum fiscal Q1
27 Oct AppliedMicro fiscal Q2
27 Oct Telefonica Q3 2016
27 Oct Alphabet Q3 2016
27 Oct Telekom Austria Q3 2016
27 Oct America Movil Q3 2016
27 Oct Sequans Q3 2016
27 Oct American Tower Q3 2016
27 Oct Nokia Q3 2016
27 Oct KPN Q3 2016
27 Oct Digital Realty Q3 2016
27 Oct VeriSign Q3 2016
27 Oct MobileIron Q3 2016
27 Oct Interdigital Q3 2016
27 Oct Adva Q3 2016
27 Oct Pctel Q3 2016
27 Oct Etisalat Q3 2016
27 Oct Samsung Q3 2016
27 Oct Samsung EGM
27 Oct Tele2 EGM
27 Oct FCC meeting
28 Oct China Telecom Q3 KPIs
28 Oct Tecnotree Q3 2016
28 Oct Net Insight Q3 2016
28 Oct Proximus Q3 2016
28 Oct NTT Docomo fiscal Q2
28 Oct MediaTek Q3 2016
::: More Calendar Items