Kcell reached 1 million mobile subscribers in Kazakhstan

Report this content

Kcell reached 1 million mobile subscribers in Kazakhstan TeliaSonera's subsidiary GSM Kazakhstan with the brand name Kcell has passed the milestone of 1 million subscribers in January. During the last year, Kcell's customer growth amounted to about 60 percent. Kcell has the largest subscriber base of the four Fintur companies operating in the Eurasian emerging mobile markets. Kazakhstan represents a strong growth potential of TeliaSonera's Eurasian markets with a mobile penetration of about 9 percent compared to the total population of nearly 15 million. Kcell is the leading mobile operator in Kazakhstan with a market share of over 70 percent. TeliaSonera consolidates GSM Kazakhstan as a subsidiary with a 51 percent ownership through Fintur Holdings. Kcell's web site is available at: http://www.kcell.kz Facts about Fintur Holdings Fintur Holdings is active on markets with high growth potential where the penetration within fixed and mobile communications is low. Fintur fully-owns a mobile operator in Moldova, and has majority holdings in mobile operators in Azerbaijan, Georgia and Kazakhstan. TeliaSonera holds a 73.9 percent ownership in Fintur Holdings. During January - September 2003 Fintur Holdings had SEK 1,934 million in revenues, SEK 1,086 million in EBITDA, operating income of SEK 643 million and CAPEX of SEK 642 million. For further information, journalists can contact: Samppa Seppälä, Vice President, Communications, TeliaSonera International, tel. +358 2040 63416 Forward-Looking Statements Statements made in the press release relating to future status or circumstances, including future performance and other trend projections are forward-looking statements. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. There can be no assurance that actual results will not differ materially from those expressed or implied by these forward-looking statements due to many factors, many of which are outside the control of TeliaSonera. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/01/20/20040120BIT00550/wkr0001.doc http://www.waymaker.net/bitonline/2004/01/20/20040120BIT00550/wkr0002.pdf

Subscribe