Kcell says Ministry of Investment and Development of Republic of Kazakhstan allocated radio frequencies to all current mobile network operators of Kazakhstan to organize LTE standard mobile communication

06.01.16 17:40
/KASE, January 6, 16/ – Kcell JSC (Almaty), whose shares are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following information statement: quote ... of the information received from the Ministry of Investment and Development of the Republic of Kazakhstan (hereinafter – the Ministry) on the allocation by the Ministry of radio frequencies to all current mobile network operators of Kazakhstan to organize LTE standard mobile communication. The Ministry will allocate to the Company 700/800 MHz band and 10/10 MHz width radio frequencies after it makes a one-time payment of KZT22 bn, which will be paid in two tranches: KZT10 bn – before March 1, 2016 and KZT12 bn– until December 1, 2016. unquote The full version of the report is available on KASE website in Russian at http://www.kase.kz/files/emitters/KCEL/kcel_reliz_060116.pdf [2016-01-06]