The Kazakhstani telecom market is going through an interesting period. For the first time since the GSM operators appeared in the country in 1999, the industry is experiencing a serious change in the balance of power.
When state-owned Kazakhtelecom purchased the mobile operator Kcell, the transaction was accompanied by vivid public debates between operators, public organizations and observers discussing the appropriateness of that deal. However, the deal took place. Beeline, Kcell, and Tele2 are the current leading mobile operators, but there is no absolute leader on the market. At the same time, the deal means a completely new paradigm...
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November 24, Sunday
November 22, Friday
Announced on November 20, Chocofamily Holding has become full owner of the merged travel company of Aviata and Chocotravel. The holding previously owned a 53% share of the business.
The details of the deal haven’t been disclosed, but the parties have described it as being unique for Kazakhstan.
«This is a precedent-setting deal, to make a multimillion exit five to six years after the start,» Ramil Mukhoryapov, CEO of Chocofamily Holding, wrote on his Facebook page.
Aviata.kz and Chocotravel.com merged in February 2018. Both companies had been dominating the market of online ticket sales. By the time of...