TeliaSonera Aktiebolag (publ) (OM:TLSN) and JSC Visor Capital, Investment Arm entered into a principle agreement to acquire a minority stake in KazTransCom JSC (KAS:KZTC) on August 14, 2012. TeliaSonera Aktiebolag will pay $22 million for the stake acquisition. In a related transaction, TeliaSonera Aktiebolag (publ) (OM:TLSN) entered into a conditional agreement to acquire WiMax operations from Alem Communications Holding LLP.

The combined deal value is $205 million. The transaction is subject to regulatory approvals. As on December 28, 2012, all the conditions to the deal have been fulfilled and the deal is expected to close in January 2013.

Pricewaterhousecoopers acted as the financial advisor to KazTransCom.