Fintur to sell units in Moldova, Kazakhstan this year

23 Mar 2018

Fintur Holdings, which is jointly owned by Sweden’s Telia Company (58.55%) and Turkey’s Turkcell (41.45%), is planning to sell its mobile unit in Moldova (Moldcell) this year alongside the divestment of Kazakhstani operator Kcell, according to Turkcell CEO Kaan Terzioglu. Reuters has cited the executive as adding that Turkcell will look into strategic options for some units which are not correctly valued, adding that the company may also consider an IPO for its Turkish fixed network ISP Superonline.

TeleGeography notes that Telia Company is in the process of exiting all its ‘Eurasia’ markets under a 2015 strategic decision to focus on its Nordic and Baltic operations, whilst for its part Turkcell has classified its Fintur interests as ‘held-for-sale’ since October 2016. So far this year Fintur has divested its stakes in Georgia’s Geocell (January) and Azerbaijani cellco Azercell (March), but as reported by CommsUpdate earlier this month, the proposed sale of Kcell to Kazakhtelecom is currently stalled under a local antimonopoly authority review. Telia owns a direct stake in Kcell alongside Fintur’s majority share.

In all, Telia has so far exited four (Nepal, Tajikistan, Georgia and Azerbaijan) of seven Eurasian countries, leaving the Swedish group with a presence in Uzbekistan, Kazakhstan and Moldova. In a related move Telia also sold its minority stake in Russia’s MegaFon in October 2017.

Kazakhstan, Moldova, Fintur International, Kcell (incl. Activ), Moldcell, Telia Company, Turkcell, Turkcell Superonline