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Company Overview
Kazakhtelecom (Қазақтелеком) is the largest telecommunications company operating in Kazakhstan. The traditionally state-owned enterprise has a history dating back to 1994, and remains majority held by Kazakhstan sovereign wealth fund Samuryk-Qazyna, with minority share publicly traded.
The company operated a mobile network called Altel until its merger with Tele2, to which Kazakhtelecom operates in joint venture with Tele2 Group. In February 2018 Kazakhtelecom announced the construction of a national IoT network consisting of LoRa, Zigbee, and LTE technologies operated through its Tele2 holdings.
In December 2018 Kazakhtelecom acquired a 75% controlling stake in mobile network operator Kcell from previous owners Telia Company and Fintur Holdings (Turkcell-Telia joint venture).
Subsidiaries
The company has 1 subsidiaries operating mobile networks.