July 11, 2018 / 9:03 AM / 4 months ago

Kazakhstan greenlights Kazakhtelecom's bid for Kcell

ALMATY, July 11 (Reuters) - Kazakhstan’s antitrust committee will allow Kazakhtelecom to buy a 75 percent stake in Kcell , the Central Asian nation’s biggest mobile operator, the committee said on Wednesday.

Kazakhtelecom has made a bid to buy Swedish telecoms company Telia’s stake in Kcell, valuing Kcell at around $600 million, sources familiar with the talks told Reuters in February. (Reporting by Mariya Gordeyeva; Writing by Olzhas Auyezov; editing by Denis Pinchuk)

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