Kcell is one of the three licensed GSMmobile network operators in Kazakhstan. Beeline and Tele2 are the other license holders. It is operated by GSM Kazakhstan Ltd. under Kcell, Activ and Vegaline trademarks. As of the third quarter of 2011, K-Cell had over 10 million subscribers.
In December 2012, Kcell announced an initial public offering (IPO) which consists of a sale by Sonera Holding B.V., a wholly owned subsidiary of TeliaSonera, of 50 million of the Company’s common shares, including common shares represented by the global depositary receipts, representing 25% of the Company’s share capital. In 2012, the outstanding share capital of the Company consists of 200 million common shares.