Mansur Khamidov to continue in role of Chief Executive Officer


Almaty, 21 November 2018-Kcell Joint Stock Company (“Kcell” or the "Company") (LSE, KASE: KCEL), the leading provider of mobile telecommunications services in Kazakhstan, notifies that Mansurdzhon (Mansur) Khamidov will continue in the role of Chief Executive Officer. 

Further to the announcement on 27 July 2018 of his appointment as CEO, Mr. Rainer Rathgeber has decided not to assume the role for personal reasons.

Mr. Khamidov has extensive experience in the telecommunications industry across Eurasia and has previously held the CEO role at Tcell in Tajikistan and the position of Vice President of Region Eurasia at Telia Company. 




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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. 

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/4G network to expand coverage and to introduce high quality services. 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.