«Казахтелеком» anticipates the completion of the sale of ТОО «Мобайл Телеком-Сервис» (МТ-С, brands Tele2/Altel) to the Qatari Power International Holding (PIH) within a year following September 30, 2024. As of this date, "not all conditions within the agreement for the realization of МТ-С have been met." Therefore, the telecom "parent" retains control over its mobile "subsidiary," although in «Казахтелеком»’s financial statements, МТ-С’s assets and liabilities are already classified as intended for sale.
Previously, various timelines for the completion of the deal were mentioned. For instance, in mid-February 2024, Куанышбек Есекеев, who was then the chairman of «Казахтелеком», indicated a timeframe of three to four months (which meant the deal should be finalized by mid-May to mid-June 2024). In mid-September 2024, during a Majilis meeting, the Vice Prime Minister and Minister of National Economy Нурлан Байбазаров identified September as the expected timeframe. In October, the new head of «Казахтелеком», Багдат Мусин, informed journalists that the sale is planned to be completed by the end of 2024. The financial report of «Казахтелеком» for January–June 2024 also indicated a timeframe of "within a year after the reporting date" (i.e., after June 30, 2024).
As of September 30, 2024, the assets intended for sale from МТ-С are valued at 545.07 billion tenge, with liabilities amounting to 170.9 billion tenge. Over the nine months of 2024, the company reported a gross profit of 104.3 billion tenge, of which 86.4 billion tenge was operating profit.
ТОО «Мобайл Телеком-Сервис» is a 100% subsidiary of «Казахтелеком». It was announced on February 14, 2024, that the Qatari Power International Holding would acquire МТ-С when the group of АО «Самрук-Казына» and PIH signed an agreement on cooperation in the telecommunications sector in the presence of the President of Kazakhstan and the Emir of Qatar. The decision to divest 100% of the share in the authorized capital of МТ-С and exit the list of participants through the sale of the stake to PIH was made by the shareholders of «Казахтелеком» on April 30, 2024. On June 4, the group of «Казахтелеком» entered into an agreement with PIH's subsidiary—PIH Interconnect Ltd.—for the realization of МТ-С. In mid-June 2024, the head of МЦРИАП Жаслан Мадиев disclosed the deal's value: approximately $1 billion (1.1 billion tenge, as later specified).