Telia Company sells Kcell and becomes sole shareholder of Fintur

Houthoff advised Telia Company, together with Sullivan & Cromwell LLP, in connection with the divestment of its holding in Kcell and the dissolution of its Fintur partnership with Turkcell. Telia Company and Fintur Holdings B.V., which is jointly owned by Telia Company and Turkcell, have agreed to sell their 75% stake in the leading Kazakhstani telecommunications operator Kcell JSC to the telecom operator Kazakhtelecom JSC for USD 446 million. Kcell is listed on the London Stock Exchange and the Kazakhstan Stock Exchange.

Telia Company has also signed an agreement to acquire Turkcell's 41.45% stake in Fintur, which will make it Fintur's sole shareholder.