Objects of privatization

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Joint Stock Company «Kazakhtelecom»

Legal address

Republic of Kazakhstan, Astana city, Esil district, Sauran, 12

% for sale

25

Status

Pre-sale preparation

Main participants and their shares

Samruk-Kazyna JSC - 51%;
Sobrio Limited - 24.47%;
BNY Mellon - 9.17%;
Others with <5% - 15.37%.

Information about the object

  • Telecommunication operator with market shares in the following types of services:
    • Fixed communication - 93.3%;
    • Fixed broadband access - 72%;
  • The number of fixed lines - 3.7 million units;
  • The number of fixed broadband subscribers is 1.6 million;
  • The number of paid TV subscribers - 670 thousand;
  • The level of digitalization of the local network is 100%;
  • In February 2016, JSC Kazakhtelecom and Tele2 Group formed a joint venture (Khan Tengri Holding BV) on the basis of mobile operators JSC ALTEL and LLP Mobile Telecom-Service, which are united into a single company LLP "Mobile Telecom-Service" with the preservation of recognizable market brands "ALTEL 4G" and "Tele2". At the end of 2016, the market share of the joint venture in terms of the "subscriber base" parameter reached 25.3%;
  • Rating:
    • Credit rating of Standard & Poor: ВВ +, 'stable';
    • Credit rating Fitch Ratings: BB +, 'stable';