Tele2 agrees Kazakhstan joint venture with Altel

Wednesday 4 November 2015 | 08:36 CET | News
Tele2 announced an agreement to merge its mobile business in Kazakhstan with Altel, the mobile operator owned by Kazakhtelecom. The new business will have more than 5.6 million subscribers and a market share of around 22 percent. In addition, Tele2 will benefit from Altel's roll-out of a 4G network. Tele2 and Kazakhtelecom will own respectively 51 and 49 percent of the voting rights and 49 and 51 percent economic interests in the joint venture. Tele2 will retain management control. As part of the transaction, Tele2 will purchase Asianet's 49 percent stake in Tele2 Kazakhstan for an upfront

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