Kazakhtelecom and Qatar Power International Holding W.L.L. signed an agreement on principles determining the purchase of MT-S Teli 2

On January 20 of this year, at a meeting of the State Commission on Economic Modernization, it was decided to sell Mobile Telecom-Service LLP and today in Qatar Kazakhtelecom, Samruk-Kazyna and Power International Holding, within the framework of the signed agreement, agreed on the main terms for the purchase of a 100% stake in MT-S LLP.

On this occasion, Mr. Mohammed Moutaz Al-Khayyat, Chairman of Power International Holding, expressed his pleasure to sign this acquisition agreement and expand PIH's business in Kazakhstan due to its promising investment opportunities and advanced business environment. Mr. Al-Khayyat expressed his appreciation to His Highness Sheikh Tamim bin Hamad Al-Thani, the Amir of the State of Qatar, for his continued support to the Qatari private sector and its international expansions.

In line with Power International Holding strategic expansion goals, CEO Mr. Ramez Al-Khayyat highlighted the acquisition's role in broadening the company's technology offerings. He expressed the company's commitment to advancing the tech sector in Kazakhstan through the deployment of innovative communication technologies. PIH will unleash its power in the use of advanced data analytics on customer behavior, network infrastructure performance, digital payments and market trends to introduce new digital products & services in the market with the ultimate objective to bring joy and satisfaction to the people of Kazakhastan.

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