Freedom Holding Corp. to launch new mobile operator in conjunction with British Vodafone

The holding has signed a contract with one of the biggest mobile operators in the world / Freedom Finance

Freedom Holding Corp. is set to cooperate with British Vodafone, one of the largest mobile operators in the world. This news was revealed by Timur Turlov, CEO of the holding, during the presentation of the company’s results for the 2024 fiscal year.

«We have signed a contract with Vodafone. They are assisting us in network development. We are utilizing all their technologies to build a new fixed and virtual mobile operator in Kazakhstan, with the potential to become a full-fledged operator in the future. We’re going to rely on their brand and all their suppliers to implement our strategy,» Turlov said.

He also highlighted that it wasn’t easy to persuade Vodafone to allow the use of its brand in Kazakhstan, and the holding is very proud of this achievement.

«There was a King’s Birthday Party at the U.K. Embassy last Tuesday where the U.K. Ambassador to Kazakhstan announced our strategic partnership. We’re proud that we are doing this together with Vodafone,» the CEO of Freedom Holding Corp. stated.

Freedom Telecom was launched in late 2023. The company is currently implementing two projects: the construction of the national information highway to connect the eastern and western parts of the country and the construction of two data processing centers. Once the $230-million projects are completed, they will ensure an alternative route for international data transit and will attract BigTech companies such as Google, Amazon and Microsoft.

Vodafone is a British telecommunication company, established in 1991 by splitting from Racal Electronics. As of today, the company renders services to 323 million clients in 21 countries and cooperates with 48 operators all over the world. Emirates Telecommunications Group from the UAE is the largest shareholder of the company (14.6%). In the 2024 fiscal year, ending on March 31, Vodafone Group Plc reported €36.7 billion in revenue and €3.6 billion in operational income, with an adjusted cash flow of €2.6 billion.