News Kazakhstan Kazakhtelecom Tele2 ALTEL Bagdat Musin Power International Holding

"Kazakhtelecom" completed the sale of Tele2 and Altel to the Qatari holding

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JSC Kazakhtelecom sold its 100% stake in Mobile Telecom-Service to the Qatari holding Power International Holding. The deal is part of the state program for demonomopolizing Kazakhstan's telecommunications industry and attracting investments. Previously, Tele2 and Altel were sold to foster a competitive market.

JSC Kazakhtelecom has completed the sale of its 100% stake in Mobile Telecom-Service to the Qatari holding Power International Holding. This event marks an important step toward the demonomopolization of Kazakhstan's telecommunications sector, a necessity frequently emphasized by the Head of State.

As a major international player, Power International Holding is capable of elevating the industry to a new level. Competition in the market will lead not only to lower prices but also to improved service quality. This approach fosters innovation and enhances the consumer experience, as already demonstrated by examples from other countries.

The sale of Tele2 and Altel was part of a state program aimed at demonomopolizing key sectors of Kazakhstan's economy and attracting foreign investment to develop a competitive telecommunications services market.

Source: Bagdat Musin

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"Kazakhtelecom" completed the sale of Tele2 and Altel to the Qatari holding

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