Infrastructure Qatar company buys Kazakh mobile network for $1bn By Shane McGinley June 19, 2024, 4:02 AM Khazak Telecom Kazakhstan's Mobile Telecom-Service LLP has almost 7 million customers Mobile operator has 7m customers Firm a Kazakh-Swedish joint venture Qatar Power International Holding has bought Kazakhstan’s largest mobile phone network. The Qatari company, a private conglomerate based in Lusail, has bought Kazakhtelecom subsidiary Mobile Telecom-Service LLP, Reuters reported, citing a statement from the Kazakh government on Tuesday. NewsletterGet the Best of AGBI delivered straight to your inbox every week Mobile Telecom-Service LLP is a joint venture between Swedish telco Tele2 and Kazakh high speed mobile internet provider Altel and has almost 7 million customers. Qatar Power International Holding operates in a number of sectors and employs around 65,000 employees across around 1,000 projects worldwide. Qatar’s Ooredoo profit falls despite 4% rise in revenue Batelco in talks to trial 6G technology in Bahrain Salvador Anglada, CEO of e& enterprise, told AGBI in December last year that he believed the Gulf’s telecom sector “is saturated”. The UAE company – formerly known as Etisalat – was looking at more acquisitions in the wider GCC, as well as Africa and Eastern Europe, he said.