Page 113 - SAMENA Trends - Jan-Mar 2024

REGULATORY & POLICY UPDATES SAMENA TRENDS

Kazakhtelecom, Power International Holding Sign Agreement in Principle

for Purchase of Mobile Telecom Services

to sell Mobile Telecom-Service LLP and environment. Al-Khayyat expressed his
in Qatar Kazakhtelecom, Samruk-Kazyna appreciation to the Amir His Highness
and Power International Holding, within Sheikh Tamim bin Hamad Al Thani for his
the framework of the signed agreement, continued support to the Qatari private
agreed on the main terms for the purchase sector and its international expansions.
of a 100% stake in MT-S LLP. "We have In line with Power International Holding
only recently entered into negotiations strategic expansion goals, CEO Ramez
and, of course, this agreement only Al-Khayyat highlighted the acquisition's
fixes our intention to make a deal with role in broadening the company's
Power International Holding and, in the technology offerings. He expressed the
Power International Holding Company future, it will be necessary to discuss and company's commitment to advancing the
signed an agreement in principle to consolidate all the terms and procedure tech sector in Kazakhstan through the
acquire Mobile Telecom Services (MTS) of purchase and sale, so it is too early to deployment of innovative communication
in Kazakhstan, owned by Kazakhtelecom talk about specific numbers, the amount of technologies. PIH will unleash its power
(National Telecommunications Company). the transaction, etc. We are satisfied that in the use of advanced data analytics on
Kazakhtelecom, Kazakhstan's largest such a reputable and stable company as customer behavior, network infrastructure
telecommunications operator, intends PIH acts as a strategic investor, besides, performance, digital payments and market
to sell one of its mobile assets, Mobile it is very well known in Kazakhstan, the trends to introduce new digital products
Telecom–Service LLP (Tele2/Altel brands) holding has many projects in our country & services in the market with the ultimate
to the leading conglomerate of the Middle and all of them are quite successful," said objective to bring joy and satisfaction to
East, Qatar Power International Holding. Kuanyshbek Yessekeyev, Chairman of the the people of Kazakhstan. As you know, in
The relevant tripartite agreement on Board of Kazakhtelecom JSC. Important 2019 Kazakhtelecom became the owner
principles (Samruk-Kazyna JSC) was to note that Power International Holding of a 100% stake in MT-S. Today it is the
signed by the parties during the official is a Qatari conglomerate covering various largest mobile operator in Kazakhstan, with
visit of the President of Kazakhstan to this sectors of economy. The company almost 7 million people using telecom and
Arab country. Recall that talks about the employs about 65 thousand employees digital services. The company is one of the
sale of one of the operators belonging to and has implemented about 1,100 different participants in the consortium, which is
the Kazakhtelecom Group of Companies projects worldwide. On this occasion, implementing a project in our country to
have been going on in Kazakhstan for quite Mohammed Moutaz Al-Khayyat, Chairman deploy the fifth–generation communication
a long time, however, a specific decision of Power International Holding, expressed standard. Last year alone, about 800 5G
on this issue has not yet been announced. his pleasure to sign this acquisition base stations were built in almost 20 cities
However, on January 20 of this year, at agreement and expand PIH‘s business in of the republic, and the total number of
a meeting of the State Commission on Kazakhstan due to its promising investment base stations is over 7 thousand.
Economic Modernization, it was decided opportunities and advanced business

Italy's Treasury Submits bid for Telecom Italia Unit Sparkle

Italy's Treasury said late on Wednesday debt and variable components. TIM added
it had submitted to Telecom Italia (TIM) that the Treasury's proposal includes an
(TLIT.MI), opens new tab an offer to buy option to negotiate a different structure of
100% of the telecoms group's submarine the deal with a potential improvement of
cable unit Sparkle. In a separate statement, its financial terms, if TIM retains a minority
TIM said its board of directors would stake in Sparkle for a certain period. The
examine the Treasury's offer at a meeting sale of Sparkle, whose network extends
on Feb.7. Statements from the Treasury over 600,000 km, is part of TIM CEO Pietro
and the company did not give a value for the Labriola's plan to part ways with the former
proposed offer, but a person briefed on the phone monopoly's fixed network assets to
matter said it would value Sparkle at up to cut its debt pile.
750 million euros ($810 million), including

113 JANUARY-MARCH 2024