Mobile Telecom-Service LLP



Project number:


Business sector:

Information and Communication Technologies

Notice type:


Environmental category:


Approval date:

28 Mar 2018



PSD disclosed:

07 Feb 2018

Translated version of this PSD: Russian

Project Description

The provision of debt financing in the form of a senior loan of up to US$ 80 million equivalent in Kazakhtan Tenge to Mobile Telecom-Service LLP (the "Company"), a joint-venture mobile operator between Tele2 Sverige AB of Sweden and Kazakhtelecom JSC, to finance 3G/4G LTE related capital expenditures and balance sheet restructuring.

Project Objectives

The operation finances the mobile network integration and 4G LTE roll-out related capital expenditures and enables the increased roll-out of 3G/4G LTE products and services, including in regions outside Almaty and Astana.

Transition Impact

The operation will have a positive transition impact through supporting the introduction and expansion of advanced 4G/LTE and LTE-A mobile broadband products and services to Kazakhstan, with a particular focus on the regions of Kazakhstan where fast and reliable broadband availability and penetration is significantly lagging the main urban centres and through the implementation of improvements to corporate governance of the Company.

Client Information


Incorporated in the Republic of Kazakhstan, the Company is the third largest mobile operator in the country, as a result of a merger between Tele2 Sverige AB and Kazakhrtelecom's mobile operation in Kazakhstan in March 2016.

EBRD Finance Summary

USD 80,000,000.00

A minimum of US$ 40 million and up to US$ 80 million equivalent in Kazakhstani Tenge, with up to US$ 40 million of the loan through an unfunded risk participation, subject to availability.

Total Project Cost

USD 80,000,000.00

Environmental and Social Summary

Categorised B (in accordance with the 2014 Environmental & Social Policy). The project and the Company's operations of mobile telecommunication services are unlikely to be associated with significant environmental and social issues.

Environmental and Social Due Diligence is currently underway, and this section will be updated once it is completed, before the project is brought to Board for consideration.

Technical Cooperation

The operation has benefited from commercial due diligence partly funded by the EBRD Shareholder Special Fund under the Knoweledge Economy Initiative with contribution made by the Company towards the due diligence.

Company Contact Information

Mr Alimzhan Almambetov
101, Tole bi street Almaty, 050012 Kazakhstan

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168

Public Information Policy (PIP)

The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP

Share this page: