London Stock Exchange welcomes Kcell celebrating 5 years since listing
Kcell, the leading provider of mobile telecommunications services in Kazakhstan by market share in terms of revenue and subscribers, today marked the fifth anniversary of the listing of its Global Depositary Receipts (“GDRs”) on the London Stock Exchange (“LSE”), as well as the listing of its shares on the Kazakh Stock Exchange (KASE).
Kcell's senior management team held a reception at the LSE to celebrate the occasion and were joined by LSE officials and the advisors who supported Kcell during its IPO and during its first five years of life as a listed company.
Jan Erik Rudberg, Chairman of the Board of Kcell, said:
"We are delighted to mark the five year anniversary of the listing of our shares on the LSE and on KASE. The IPO marked a significant development in Kcell's corporate journey and we have seen clear benefits from operating as a listed entity with an international shareholder base.
"We operate in an age of rapid technological development and ever evolving customer requirements for new products and offerings. During the five years since we listed, Kcell has made substantial operational progress. Some of our key milestones include our innovative LTE network sharing agreement, which has enabled us to quickly and efficiently roll out our 4G services, and the delivery of a range of new OTT customer-focused services. We have also delivered steady growth in our B2B services.
"Above all, throughout this period we have remained focused on adhering to the rigorous requirements for London listed companies, in line with international best practice in corporate governance.
"We will maintain our focus on delivering the highest levels of technology and on developing innovative products and services in order to maintain our market leading position and provide value to both our customers and our shareholders."