0
Wireless

Telia, Turkcell agree sale of Kcell to Kazakhtelecom

Wednesday 12 December 2018 | 10:39 CET | News
Update: 12 December 2018 | 12:24 CET
Telia Company has confirmed the sale of Kazakhstan mobile operator Kcell, which it jointly owns with Turkcell, to state-controlled operator Kazakhtelecom. The fixed operator will pay USD 446 million for the 75 percent stake. 

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?


[12/12/2018 12:24 - Update: Adds details on regulatory conditions.]


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

Categories: Mobile & Wireless
Companies: Altel / Kazakhtelecom / Kcell / Moldcell / Tele2 / Tele2 Kazakhstan / Telia / Turkcell / Ucell
Countries: Kazakhstan
::: add a comment
This article is part of dossier

5G

,

LTE


Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Tele2 agrees exit terms from Kazakhstan with Kazakhtelecom

Published 23 May 2019 09:43 CET | Kazakhstan
The Tele2 Group has agreed with Kazakhstan national operator Kazakhtelecom on the price for its share in their joint venture. The ...

Turkcell completes sale of Fintur stake to Telia

Published 03 Apr 2019 14:30 CET | Turkey
In the meantime, with this transaction through which the company generated a cash inflow of nearly TRY 2.2 billion, Turkcell's ...

Kazakhtelecom negotiates with minority shareholders on buy-out

Published 19 Mar 2019 11:57 CET | Kazakhstan
Kazakhstan national operator Kazakhtelecom has carried out negotiations with its minority shareholders, reports Profit.kz. Some ...

Kazakhtelecom's minority shareholders call for buy-out offer

Published 15 Feb 2019 11:03 CET | Kazakhstan
Minority shareholders of Kazakhstan national operator Kazakhtelecom have called for a mandatory buy-out of their shares, reports ...

Kcell appoints new CEO

Published 31 Jan 2019 11:10 CET | Kazakhstan
Kazakhstan mobile operator Kcell has appointed Kaspars Kukelis the new CEO of the company. Kukelis earlier worked as the director ...

Huawei, Turkcell release platform for Wireless OSS

Published 17 Jan 2019 09:11 CET | Turkey
Huawei and Turkcell jointly released a platform for Next Generation (NG) Wireless OSS. NG Wireless OSS uses the latest ...

Tele2 to sell remaining Kazakhstan mobile stake

Published 07 Jan 2019 09:56 CET | Kazakhstan
Tele2 said it has given notice to exercise the put option in its joint venture with Kazakhtelecom, thereby initiating its sale of ...

Kcell appoints new CEO

Published 03 Jan 2019 11:14 CET | Kazakhstan
The management council of Kazakhstan mobile operator Kcell has appointed Damir Zhambakiyev as the new CEO of the company, reports ...

Turkcell appoints Yis as EVP of Marketing

Published 20 Dec 2018 19:31 CET | Turkey
Turkcell appointed Omer Barbaros Yis as EVP of Marketing, effective as of 18 December. Yis keeps its existing role of Consumer ...

Last week in telecoms: feeling the impact of 5G auctions and new entrants

Published 17 Dec 2018 07:00 CET | Europe
Spectrum auctions, 5G and new entrants dominated the news in week 50. It resulted in a drop for the Telecompaper European ...

Telia sells stake in Ucell for USD 215 million

Published 05 Dec 2018 13:04 CET | Uzbekistan
Telia Company announced that it's agreed to sell its interest in Uzbekistan mobile operator Ucell to the State Committee of the ...

Kcell interim-CEO to continue in his role

Published 23 Nov 2018 11:35 CET | Kazakhstan
Telia Company has announced that Rainer Rathgeber, appointed CEO of Kazakhtan mobile operator Kcell in July, has decided not to ...

Kcell net sales up 4% in Q3, EBITDA lower

Published 24 Oct 2018 15:50 CET | Kazakhstan
Net sales of Kazakhstan mobile operator Kcell increased by 3.8 percent year-on-year to KZT 38.970 billion in the third quarter. ...

Kazakhtelecom ends talks with Telia on Kcell acquisition - report

Published 27 Sep 2018 11:55 CET | Kazakhstan
Kazakhstan national operator Kazakhtelecom has stopped negotiations with Telia on the acquisition of the mobile operator Kcell, ...

Kazakhtelecom cleared to acquire Kcell

Published 13 Jul 2018 09:50 CET | Kazakhstan
The Kazakhstan national competition watchdog has cleared the operator Kazakhtelecom to acquire a 75 percent stake in the mobile ...

Watchdog asks for more information on Kazakhtelecom's acquisition of Kcell

Published 02 Mar 2018 10:48 CET | Kazakhstan
The Kazakhstan state competition regulator has postponed its decision on whether to clear the acquisition of a 75 percent in ...

Kazakhtelecom applies for clearance of Kcell acquisition

Published 29 Jan 2018 11:01 CET | Kazakhstan
Kazakhstan national operator Kazakhtelecom has submitted an application to the national competition watchdog for the acquisition ...

Freedom Finance buys 10% stake in Kcell

Published 25 Jan 2018 12:48 CET | Kazakhstan
Russian holding company Freedom Finance has acquired a 10.5 percent stake in the Kazakhstan mobile operator Kcell. The market ...

Telia Company agrees to sell Kcell stake to Kazakhtelecom - report

Published 11 Jan 2018 09:13 CET | Kazakhstan
Telia Company has already agreed to sell its stake in Kazakhstan mobile operator Kcell to national operator Kazakhtelecom, ...





Calendar   /   Industry Events

20 Aug Africa Peering and Interconnection Forum
21 Aug Ice Group Q2 results
21 Aug Spark FY results
21 Aug Analog Devices fiscal Q3
21 Aug Zayo fiscal Q4
21 Aug Vodafone Iceland Q2 2019
21 Aug FTTH India Congress 2019
22 Aug China Telecom H1 2019
22 Aug VMware fiscal Q2
22 Aug Sunrise Q2 2019
22 Aug Vocus FY results
22 Aug Sky NZ FY results
23 Aug Mobilezone H1 2019
25 Aug VMworld 2019 US
26 Aug Amaysim FY results
26 Aug Chrous FY results
26 Aug Bezeq Q2 2019
27 Aug Partner Communications Q2 2019
27 Aug Ooma Q2 2019
27 Aug ZTE H1 results
27 Aug Hewlett Packard Enterprise fiscal Q3
27 Aug Aviat Networks fiscal Q4
27 Aug Tamedia H1 2019
27 Aug MNF Group FY results
27 Aug Connected Health Summit
::: More Calendar Items