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Astana, Kazakhstan • 15 February, 2024 | 09:42

Qatari Holding to Acquire Tele2/ALTEL Mobile Carrier

The agreement was signed during the official visit of the President to Doha

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Collage by QazMonitor
Collage by QazMonitor

Qatar-based Power International Holding plans to acquire the Kazakh telecom operator Mobile Telecom-Service LLP, which includes Tele2 and ALTEL brands, QazMonitor reports citing the press service of Samruk-Kazyna.

The agreement between Kazakhtelecom JSC, Samruk-Kazyna JSC, and Power International Holding was signed during the official visit of President Kassym-Jomart Tokayev to Doha.

On January 20, the government issued a decree instructing Kazakhtelecom to sell the telecom operator Mobile Telecom-Service in 2024. The merger of ALTEL and Tele2 Kazakhstan was finalized in 2016. Currently, Kazakhtelecom owns 51% of the shares of the mobile operator Kcell and 100% of Mobile Telecom-Service LLP (ALTEL/Tele2).

According to KASE data as of January 1, 2024, 71.32% of Kazakhtelecom shares are owned by Samruk-Kazyna JSC, and First Heartland Jusan Bank JSC owns 8.1%.

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