Kazakhtelecom JSC (KAS:KZTK) acquired the remaining 49% stake in Tele2-Altel from Tele2 AB for approximately KZT 144 billion on June 28, 2019. Tele2 received the net proceeds of approximately KZT 64.2 billion and full repayment of the shareholders loan of KZT 80 billion. Post transaction, Kazakhtelecom JSC owns 100% of Tele2-Altel.

Kazakhtelecom JSC (KAS:KZTK) completed the acquisition of remaining 49% stake in Tele2-Altel from Tele2 AB on June 28, 2019. J.P. Morgan acted as a sole financial advisor to Kazakhtelecom in the acquisition.