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An analytical material «Sale of Tele2 and Altel will lead to a systemic reset of the telecommunications market in Central Asia» has been published


12.02.2024 21:25

It is expected to increase competition in tariffs, improve the quality of infrastructure and increase the role of Kcell JSC. The deal also implies partial restrictions for Kazakhtelecom JSC, which will affect the future terrain of the telecoms market in Kazakhstan. 

We view the deal positively for both the telecoms and stock markets of Kazakhstan. 

Read more in our report below.


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Teniz Capital Investment Banking JSC recommends to carefully assess the feasibility and risks of investments, taking into account the volatility of market conditions. Ownership of securities and other financial instruments is associated with fluctuations: their value can both increase and decrease. The Company cannot guarantee the profitability of investments and a constant level of income.

Licence ARKFMD No. 3.2.249/19 dated 18.05.2023. Licence ARKFMD No. 4.3.19 dated 16.06.2023.