TeliaSonera
has completed the acquisition of the WiMax operations of Kazakh company Alem
Communications from Midas Telecom. TeliaSonera has also made an indirect
minority investment in KazTransCom, through the purchase of shares from Alatau.
With
the acquisition of a WiMax network in six cities, TeliaSonera also secures
frequencies in the 2.5/2.6 GHz band. The frequencies are compatible for use
with mobile data transmission technologies such as 4G.
Following
completion of the transactions, Kcell, TeliaSonera’s subsidiary in Kazakhstan,
will have full access to these businesses on commercial terms. It already
deploys the backbone capacity of KazTransCom's national fiber optic network,
and has started to prepare for the deployment of the frequencies of Alem
Communications. TeliaSonera intends to transfer to Kcell the WiMax operations,
including frequencies, and its investment in KazTransCom.
The
total value of the transactions is $205 million (subject to any post completion
accounting adjustments), of which the Wimax acquisition from Midas Telecom
represents $170 million, and the minority investment and option rights related
to KazTransCom represents $35 million.
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