Power International Holding signed an agreement in principle to acquire Mobile Telecom Service LLP from Kazakhtelecom JSC (KAS:KZTK) on February 14, 2024. Power International Holding entered into a significant agreement to acquire Mobile Telecom Service LLP from Kazakhtelecom JSC (KAS:KZTK) for $1.1 billion on June 18, 2024.The transaction is expected to close in 3-4 months. As on June 5, 2024, Shareholders of Kazakhtelecom JSC at the general meeting of shareholders approved the sale of the Mobile Telecom-Service.