Arti Ots nominated Chief Executive Officer of Kcell

 

Almaty, 17 November 2014 - Kcell Joint Stock Company (“Kcell” or the "Company") (LSE, KASE: KCEL), the leading provider of mobile telecommunications services in Kazakhstan by market share in terms of revenue and subscribers, today announces the nomination of Arti Ots as Chief Executive Officer subject to receiving relevant regulatory authorisation. The appointment is also pending final agreement between Arti Ots and the Company and the approval of the Board.

Arti Ots has served as Vice President for Commercial and Business Development at TeliaSonera Eurasia since May 2014. Between February 2012 and May 2014, he was CEO of Elion, TeliaSonera’s Broadband Services division in Estonia. Prior to becoming CEO, Mr. Ots was at Elion for 10 years and worked as Marketing Director between 2004 and 2012.  Arti holds an MBA from Henley Business School.

Jan Erik Rudberg, Chairman of Kcell, commented:

“We are delighted to announce the nomination of Arti Ots as CEO of Kcell. The team at Kcell strives to maintain its leading position in Kazakhstan’s mobile telephony market despite strong competition, and to drive top-line growth by developing data services, actively competing in the voice segment of the market and providing the highest levels of customer service. We believe that Arti is very well-placed to execute this strategy.”

 

Enquiries:

Kcell

 

Investor Relations

 

Irina Shol

Tel: +7 727 2582755 ext. 1205

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, Tony Friend, Kay Larsen, Galyna Kulachek

 

 

Company Overview

Kcell is the leading provider of mobile telecommunications services in Kazakhstan by market share in terms of revenue and the number of subscribers. It has operated since 1998, and as at 31 December 2013 it had approximately 14.3 million subscribers, representing a market share of 46.2%, as estimated by the Company. Its estimated market share in terms of revenue was 54% for the year ended 31 December 2013.

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.