Kcell announces signing frequency sharing agreement with KaR-Tel

10.03.20 18:02
/KASE, March 10, 2020/ – Kcell (Almaty), whose shares are officially listed on Kazakhstan Stock Exchange (KASE), has informed KASE as follows: quote Kcell Joint Stock Company (“Kcell” or "Company") (LSE, KASE, AIX: KCEL, KCEL.Y), the leading provider of mobile telecommunications services in Kazakhstan, announces that it has signed a Frequency Sharing Agreement KaR-Tel LLP (“KaR-Tel”), according to which KaR-Tel has a right to share the 5 MHz radio frequency within the 1725-1730 MHz band and 1820-1825 MHz band. The agreement was reached in accordance with the Order of the Committee on Regulation of Natural Monopolies and Protection of Competition dated 10 July 2018, “On Granting Consent to Economic Concentration” at the request of Kazakhtelecom JSC (the “Order”). Under the terms of the Order, Kazakhtelecom JSC must ensure the sharing of radio frequency spectrum to other participants of the telecom market for the provision of cellular services that are not included in the Group of Kazakhtelecom JSC (the “Group”). The operators within the Group came to a mutual agreement that it is technologically beneficial for the Group to share the frequencies, the rights to which are granted to Kcell. In order to execute the Order, as well as corporate decisions made within the framework of the Order, on 4 March 2020 Kcell and KaR-Tel signed the Frequency Sharing Agreement, according to which KaR-Tel has a right to share 5 MHz radio frequency within the 1725-1730 MHz band and 1820-1825 MHz band. The agreement on sharing frequencies will not impact Kcell; any requirements by Kcell for additional frequency resources can be covered by the Group spectrum. unquote [2020-03-10]