Kcell begins refunding Kcell brand subscribers for non-interruption of services

/KASE, July 21, 15/ – Kcell JSC (Almaty), whose shares are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following information statement: quote JSC "Kcell" ... announces that it is to start refunding its Kcell brand subscribers. Despite the fact that the Supreme Court of the Republic of Kazakhstan confirmed Kcell's right to interrupt or not to interrupt connection (voice and Internet access) when a Kcell brand customer's balance reaches zero, the Antimonopoly Agency's ruling has not been cancelled. Kcell, therefore, has started to refund its customers for non-interruption of services. The Company is currently refunding Kcell brand subscribers for the period from January 2012 to September 2013. These customers will be notified about the refund via SMS. Individuals who are not currently subscribed to the Kcell brand services will be informed in writing. Kcell voluntarily decided to refund its subscribers for the subsequent period. This refund does not apply to Active brand subscribers. When an Active brand customer's balance reaches zero, connection is automatically terminated. Since the Kcell brand subscribers are being refunded for the services rendered, the Company's tax liabilities towards the state budget will be reduced by approximately KZT1 bn. unquote [2015-07-21]