Kazakhtelecom and Qatar Power International Holding W.L.L. signed agreement of principles defining terms of acquisition of MT-S

15.02.24 10:28
/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]