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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