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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Kcell Joint Stock Company    KCEL

KCELL JOINT STOCK COMPANY

(KCEL)
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Kcell AO : majority shareholder - JSC Kazakhtelecom JSC receives a prestigious award for the acquisition of JSC

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11/29/2019 | 08:17am EST

On 26 November 2019, Kazakhtelecom JSC won the Telecom M&A Deal of the Year - Asia at the TMT M&A Awards 2019for its acquisition of a 75% stake in Kcell JSC.

The TMT M&A Awards 2019 were organized by TMT Finance, the world's leading news service for mergers and acquisitions in the telecoms, technology and media sectors.

TMT Finance and its global network have, since 2006, been recognizing the outstanding achievements of leading telecom, media and technology companies, investment banks, investors and advisory companies - all dealmakers transforming the TMT industries.

The Awards are based on nominations from the global TMT Finance network, with final shortlists then put before an independent judging panel of 20 key M&A deal advisers and industry experts.

In the TELECOM M&A DEAL OF THE YEAR - ASIA category, Kazakhtelecom competed with such leading telecom companies as Etisalat Lanka (Sri Lanka), M1 (Singapore), Vodafone New Zealand (New Zealand), WTT HK (Hong Kong) and Pan Asia Majestic Eagle Ltd (Myanmar).

Kazakhtelecom won the TELECOM M&A DEAL OF THE YEAR - ASIA award for acquisition of a 75% stake in Kcell JSC, which not only had a significant effect on the company's activities, but also on the telecommunication market of Kazakhstan. The prestigious award was presented to Yerulan Kusainov, member of the Board of Directors of Kazakhtelecom JSC, at the awards ceremony in London.

In nine months following the acquisition, Kcell, being a part of the Kazakhtelecom group, demonstrated an increase across all the key indicators.

Net sales increased by 2.4 percent to KZT 114,170 mln (Q3 2018: 111,447). In the nine month period, our EBITDA (excluding non-recurring expenses) was up 31.0 percent to KZT 47,997 mln (Q3 2018: 36,642), while the Company's operating profit, excluding non-recurring items, grew by 47.5 percent to KZT 24,731 mln (Q3 2018: 16 763).

Thanks to the joint efforts of the management teams of both Kazakhtelecom and Kcell, we see significant improvements in Kcell's corporate governance and its financial performance.

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(C) 2019 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
KCELL JOINT STOCK COMPANY 0.00% 5.9 Delayed Quote.-1.34%
TELIA COMPANY 1.50% 41.18 Delayed Quote.2.58%
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Financials (KZT)
Sales 2019 153 B
EBIT 2019 25 365 M
Net income 2019 -
Debt 2019 50 590 M
Yield 2019 1,27%
P/E ratio 2019 -
P/E ratio 2020 -
EV / Sales2019 3,26x
EV / Sales2020 3,05x
Capitalization 449 B
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Income Statement Evolution
Consensus
Sell
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Mean consensus SELL
Number of Analysts 3
Average target price 1 431,00  KZT
Last Close Price 2 247,07  KZT
Spread / Highest target -11,0%
Spread / Average Target -36,3%
Spread / Lowest Target -49,3%
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