Telia Company agrees to sell Kcell stake to Kazakhtelecom - report

Thursday 11 January 2018 | 09:13 CET | News

Telia Company has already agreed to sell its stake in Kazakhstan mobile operator Kcell to national operator Kazakhtelecom, reports Cnews.ru citing two undisclosed sources in the Kazakhstan telecommunication market. Telia owns a 24 percent stake in Kcell and the holding company Fintur holds a 51 percent stake. Fintur in turn is controlled by Telia Company, which owns a 58.5 percent stake in it. Turkcell owns 41.5 percent of Fintur.

Three entities participated in a tender to acquire the stake in Kcell. The prices offered varied from USD 800 milllion to USD 1.2 billion.

Kazakhtelecom also owns 49 percent of the voting shares in the joint venture founded with mobile operator Tele2 Kazakhstan. 

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

::: add a comment