ASTANA, Kazakhstan, February 25. President of
Kazakhstan, Kassym-Jomart Tokayev, and the leaders of Qatar-based
Power International Holding (PIH), Moutaz Al-Khayyat and Ramiez
Al-Khayyat, discussed the prospects of implementing joint
investment projects in the energy and telecommunications sectors,
Trend reports via the
press service of the Kazakh President.
Tokayev emphasized that large-scale gas projects in processing,
transportation, and power generation are central to Kazakh-Qatari
investment cooperation and play a key role in enhancing
Kazakhstan’s energy security.
During the meeting, PIH leaders informed Tokayev of its plans to
expand its operations in the telecommunications sector following
its acquisition of Mobile Telecom Service (Tele2). The president
expressed confidence that the company’s participation would support
the modernization of telecom infrastructure, improve service
quality, and expand access for the population.
At the conclusion of the meeting, both sides reaffirmed their
commitment to deepening cooperation and pursuing promising
investment projects.
In January 2025, Power International Holding officially acquired
100% of Mobile Telecom Service, including the Tele2 and Altel
brands, from Kazakhtelecom JSC. The acquisition followed the
finalization of an agreement signed in Doha on February 14, 2024,
between PIH, Kazakhtelecom JSC, and Samruk-Kazyna JSC, with the
final sale agreement concluded on June 4, 2024.
Power International Holding is a global company headquartered in
Qatar with a diversified portfolio spanning six groups: energy,
concessions, and construction; industries and services;
telecommunications; agriculture and food industries; real estate;
and lifestyle (hospitality, entertainment, and catering).
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