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Bakytzhan Sagintayev met with representatives of Telia Company

by March 14, 2017 Market

Prospects for cooperation with the company in the development of new industrial directions in Kazakhstan with the use of digital technologies were discussed during the meeting.

In his Address to the People “Third Modernization of Kazakhstan: Global Competitiveness”, the President of the country N.Nazarbayev noted that “the development of digital industry will provide an impetus to all other sectors.”

As is known, Telia Company, shareholder of Kcell JSC, is one of the first participants in the market of mobile communication network development in our country. Demonstrating its commitment to Kazakhstan, continuing to increase its presence in the country, Telia took the lead in organizing the Swedish presence at the International Expo EXPO-2017, the main themes of which will be digitalization and 5G.

For reference:

Kcell JSC was founded by “Fintur” company and “Kazakhtelecom” JSC in 1998. Investments amounted to about 2 billion dollars.

To date, 51% of Kcell shares belong to Fintur Holdings (Telia owns (58.55%) together with Turkcell (41.55%)), 24% of shares belong directly to Telia, and 25% of shares are in free float on Stock exchanges in Almaty and London.

To date, the number of subscribers of JSC “Kcell” is about 10 million.

Source: The Prime Minister of Kazakhstan