As the company recalled, in December 2018, Kazakhtelecom acquired 75% of the shares of Kcell JSC in accordance with the agreement on the purchase of shares dated December 12, 2018. In September 2019, Kazakhtelecom initiated arbitration proceedings in the London International Arbitration Court over claims related to certain guarantees contained in the agreement.

“In May 2021, the parties to the arbitration reached an amicable agreement on the settlement of all claims brought by Kazakhtelecom, as a result of which, at the end of May, Kazakhtelecom received compensation in the total amount of USD 22 million, and the proceedings will be terminated,” the press said. company service.