Kazakhtelecom ends talks with Telia on Kcell acquisition - report

News Wireless Kazakhstan 27 SEP 2018
Kazakhtelecom ends talks with Telia on Kcell acquisition - report

Kazakhstan national operator Kazakhtelecom has stopped negotiations with Telia on the acquisition of the mobile operator Kcell, reports Cnews.ru citing a source in the telecommunications market. The companies weren't able to reach an agreement on the price.

Kcell has around 10 million subscribers. Fintur owns a 51 percent stake in the company. Telia owns 58.55 percent stake in Fintur, and Turkcell owns the rest. Telia also owns a 24 percent stake in Kcell directly. The Russian-Kazakhstan fund Freedom Finance owns a 9 percent stake in Kcell.


Categories:

Mobile

Companies:

Telia,  Turkcell,  Kazakhtelecom,  Kcell

Countries:

Kazakhstan

Tags:

M&A buyouts & divestments

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