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Wireless

Tele2 agrees exit terms from Kazakhstan with Kazakhtelecom

Thursday 23 May 2019 | 09:43 CET | News
The Tele2 Group has agreed with Kazakhstan national operator Kazakhtelecom on the price for its share in their joint venture. The net proceeds to Tele2, after deducting the existing earn-out liability, will be USD 169 million. In addition Tele2 will receive full repayment of its shareholder loan amounting to KZT 80 billion. The transaction is expected to close at the end of June.

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Categories: Mobile & Wireless
Companies: Kazakhtelecom / Tele2 / Tele2 Kazakhstan
Countries: Kazakhstan
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