Monday, 12 May 2003

KAZAKHSTAN TO SELL MOST OF 50% IN KAZAKHTELECOM IN 2004

Published in News Digest

By empty (5/12/2003 issue of the CACI Analyst)

Kazakhstan plans to sell most of its 50% stake in domestic and international operator OAO Kazakhtelecom in 2004, a Finance Ministry official said Monday. The government intends to fully deregulate its telecom market by 2005. Kazakhtelecom currently has monopoly rights for long-distance and international calls.
Kazakhstan plans to sell most of its 50% stake in domestic and international operator OAO Kazakhtelecom in 2004, a Finance Ministry official said Monday. The government intends to fully deregulate its telecom market by 2005. Kazakhtelecom currently has monopoly rights for long-distance and international calls. The official estimated the privatization could lead to a 30% fall in tariffs and add $100 million to the value of the market. In 2002, the Kazakh telecom market was worth $570 million. Kazakhstan\'s government wants it to grow to $700 million by 2005, with the bulk of the added value going to new operators. (Dow Jones)
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The Central Asia-Caucasus Analyst is a biweekly publication of the Central Asia-Caucasus Institute & Silk Road Studies Program, a Joint Transatlantic Research and Policy Center affiliated with the American Foreign Policy Council, Washington DC., and the Institute for Security and Development Policy, Stockholm. For 15 years, the Analyst has brought cutting edge analysis of the region geared toward a practitioner audience.

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