/KASE, February 15, 2024/ – Kazakhtelecom JSC (Astana), whose securities
are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE
with the following press release dated February 14, 2024:
quote
Kazakhtelecom, Kazakhstan's largest telecommunications operator, intends to
sell one of its mobile assets, Mobile Telecom–Service LLP (Tele2/Altel brands)
to the leading conglomerate of the Middle East, Qatar Power International
Holding. The relevant tripartite agreement on principles (Samruk-Kazyna JSC)
was signed today by the parties during the official visit of the President of
Kazakhstan to this Arab country.
Recall that talks about the sale of one of the operators belonging to the
Kazakhtelecom Group of Companies have been going on in Kazakhstan for quite
a long time, however, a specific decision on this issue has not yet been
announced. However, on January 20 of this year, at a meeting of the State
Commission on Economic Modernization, it was decided to sell Mobile Telecom-
Service LLP and today in Qatar Kazakhtelecom, Samruk-Kazyna and Power
International Holding, within the framework of the signed agreement, agreed on
the main terms for the purchase of a 100% stake in MT-S LLP.
unquote
The complete press release leas is available on:
-
https://kase.kz/files/emitters/KZTK/kztk_relizs_140224.pdf – in Russian;
-
https://kase.kz/files/emitters/KZTK/kztk_relizs_140224_en.pdf – in English.
[2024-02-15]