Tele2 sold its stake in Kazakhstan joint venture to Kazakhtelecom in a $800m deal.

Tele2, a European telecommunications operator, sold its stake in Kazakhstan joint venture to Kazakhtelecom, the largest telecommunication company in Kazakhstan, in a $800m deal. "Tele2 has built a successful business in Kazakhstan and rolled out a national network for high-quality voice and data. The JV has dramatically increased its customer base, revenue, market share and profitability. Mobile data consumption per customer has doubled since the creation of the JV and is more than a hundred times higher today compared to when Tele2 entered the country. Tele2 has enabled a more connected life and I am proud of the legacy we leave behind in Kazakhstan”, says Anders Nilsson, President and CEO, Tele2.