11 Aug 2015 11:45
Kcell JSC
Kcell is to begin the second stage of refunding its Kcell brand subscribers
Almaty, 11 August 2015 - JSC "Kcell" ("Kcell" or the "Company") (LSE, KASE: KCEL), the leading operator in the telecommunications market of Kazakhstan in terms of revenues and subscriber base, announces that it is to begin the second stage of refunding its Kcell brand subscribers for the period starting from October 2013.
As previously reported, Kcell started refunding its Kcell brand subscribers for non-interruption of service (voice and Internet access) when their account balance reached zero, for the period from January 2012 to September 2013, in accordance with the order of the Antimonopoly Authority.
Starting from 9 August 2015, Kcell voluntarily began refunding Kcell brand subscribers for the period from October 2013.
These customers will be notified about their refund via SMS. Individuals who are not currently subscribed to the Kcell brand services will be informed in writing.
This refund does not apply to Activ brand subscribers. When an Activ brand customer's balance reaches zero, connection is terminated automatically.
Enquiries:
Kcell | |
Investor Relations | |
Irina Shol | Tel: +7 727 2582755 ext. 1002 Investor_relations@kcell.kz |
Media Natalya Eskova |
Теl: +7 727 2582755 Pressa@kcell.kz |
International Media | |
Instinctif Partners | Tel: +44 207 457 2020 |
Leonid Fink, Galyna Kulachek, Kay Larsen |
Company Overview
Kcell provides mobile voice telecommunications services, messaging services, value-added services such as multimedia and mobile content services, as well as data transmission services including internet access. It has two brands: the Kcell brand, which is targeted primarily at corporate subscribers (including government subscribers), and the Activ brand, which is targeted primarily at mass market subscribers. The Company offers its services through its extensive, high quality network which covers substantially all of the populated territory of Kazakhstan.
In December 2012, Kcell successfully completed its offering of GDR's on the London Stock Exchange and common shares on KASE. The price was set at USD 10.50 per GDR and KZT 1,578.68 per share with each GDR representing one share. The offering consisted of a sale by TeliaSonera of 50 million shares, which represent 25 percent of Kcell's share capital. TeliaSonera holds directly and indirectly 61.9% of the Company's common shares.
Kcell plans to benefit from the significant growth potential for mobile data services in Kazakhstan. The Company intends to continue to invest in the deployment of its 3G network to expand coverage. Kcell aims to maintain its market leadership in terms of revenue and the number of subscribers by offering its products and services at competitive prices, expanding its offering of products and services, maintaining the high quality of its network and enhancing its brand value.