TNS Plus

History

2024: Veon sold TNS +

On May 28, 2024, Veon announced the signing of an agreement on the sale of Kazakhstan telecom company TNS + (TNS Plus LLP). The buyer is the DAR group of companies, a partner of Veon.

The international trunk operator TNS + was founded Kazakhstan in 1994. The company's website says that it is one of the largest telecommunication operators in Central. Asia Its own fiber-optic network has a total length of more than 14.3 thousand km. There are nodes in, and To Moscow Hong Kong Frankfurt. The infrastructure includes 28 international connections with,,, and. Russia China Uzbekistan Kyrgyzstan

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As part of the agreement, the DAR group of companies acquires Veon's 49 percent stake in the TNS + operator. The amount of the asset is estimated at $137.5 million. Regulatory approvals are required to complete the transaction.

DAR CEO and Founder Alidar Utemuratov notes that TNS + has invested heavily in the construction of an extensive fiber optic network throughout Kazakhstan connecting all major cities and neighboring countries. Once the deal is completed, DAR will continue to invest in telecommunications infrastructure expansion and digital innovation, he said.

After the transaction, the presence of Veon in Kazakhstan will consist of the beeline consumer division, which as of the end of March 2024 had approximately 11.2 million mobile subscribers. Veon CEO Kaan Terzioglu, commenting on the deal, said it was part of a massive strategy to "simplify assets." According to him, the sale will allow you to focus on key areas of the business, while optimizing the management of infrastructure services in the hands of a partner.^[1]

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