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Tele2 completes Neo acquisition


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Sweden’s Tele2 has announced the completion of a deal to acquire 51% of Kazakhstani GSM mobile operator Mobile Telecom Service (NeoTelecom, or Neo) from Kazakhtelecom.
Sweden’s Tele2 has announced the completion of a deal to acquire 51% of Kazakhstani GSM mobile operator Mobile Telecom Service (NeoTelecom, or Neo) from Kazakhtelecom.

The Swedish group paid SEK545 million (USD76 million) in cash for the shares and pledged to inject capital of SEK360 million in a deal agreed in December 2009. The transaction has now been finalised after receiving regulatory permission.


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