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Wireless

Tele2 to sell remaining Kazakhstan mobile stake

Monday 7 January 2019 | 09:56 CET | News
Tele2 said it has given notice to exercise the put option in its joint venture with Kazakhtelecom, thereby initiating its sale of the remaining shares in Tele2 Kazakhstan. Closing is expected in about six months. The transaction announced on 12 December by Telia Company, in which Kazakhtelecom acquires control of Kcell, enables Tele2 to exercise its put option, as the joint venture agreement includes non-compete clauses.

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