Kazakhtelecom (Kazakhstan) announces concluding non-arms' length deal with Altel

/KASE, August 5, 13/ – JSC "Kazakhtelecom" (Astana), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has by an official letter informed KASE of the following: quote ... at a meeting of the Board of Directors of JSC "Kazakhtelecom" (hereinafter – the Company), held on June 28, 2013, it was decided to conclude a non-arm's length deal – Financial aid agreement with JSC "ALTEL". Financial aid amount – KZT8,296,955,350. Percentage ratio of financial aid amount to total assets of the Company – 2 %; Financial aid agreement between JSC "Kazakhtelecom" and JSC "ALTEL" was concluded on July 10, 2013". unquote [2013-08-05]