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Owners
JSC "Transtelecom" is one of the largest Kazakhstani telecom operators. The company was established in 1998 through the reorganization of PDH "Head Communication Distance." The company is located in Astana, the number of employees is 2662 people.
Transtelecom provides local, long-distance and international communications, network access, Internet mobile radiotelephone, cellular communications, mobile radio communications, personal radio calls and other telecommunication services.
In addition, Transtelecom creates and operates satellite and radio relay telecommunication systems, produces and implements means of radio and wire communication, television, information processing and transmission, and performs architectural design for buildings and structures.
History
2025: Grandson of ex-President of Kazakhstan Nazarbayev sold 75% stake in Transtelecom
Nurali Aliyev, the grandson of former President of Kazakhstan Nursultan Nazarbayev, sold his stake in Transtelecom JSC and left the post of chairman of the company's board of directors. This became known on February 12, 2025. Through Unit Telecom LLP, Aliyev owned 4.22 million shares, which amounted to 75% of the company. The decision to leave the business is related to the revision of the investment strategy and reorientation to other projects.
According to Profit, the remaining 25% of the shares (1.41 million) belong to National Company Қazaқstan temіr Zholy JSC. Information about the buyer of a controlling stake in a telecommunications operator has not yet been disclosed.
Nurali Aliyev headed Transtelecom in 2013, when the company specialized in providing communication services for the railway sector. Over ten years of operation, the company has transformed into a national IT operator providing a full range of information and communication services.
The main achievements of the company for the period 2013-2024:
- Increase in sales from ₸15,8 billion to ₸86,2 billion.
- Growth in revenue from cloud technologies by 52 times.
- Reduction of debt burden by 50%
- Increase in retail business revenue by 116.
- Improving the S&P rating to a "positive" level.
Transtelecom made a significant contribution to the implementation of the digitalization strategy of Kazakhstan, developing innovative directions and introducing modern technologies. The company has become one of the key players in the country's telecommunications and IT services market.
In 2024, the S&P agency upgraded the company's rating to "positive," which is the highest indicator in the history of Transtelecom. This was facilitated by the company's stable development and improved financial performance.
According to Kazakhstan Stock Exchange (KASE) as of January 1, 2025, changes in the composition of shareholders are not yet reflected in the official documentation. A deal to sell a controlling stake could have a material impact on the company's continued development.[1]
2022: IT project of Kazakhstan and Russia for 2.4 billion rubles frozen
At the end of October 2022, it became known about the freezing of the IT project of Kazakhstan and Russia for 2.4 billion rubles. We are talking about a contract that was concluded between the Safe Information Zone company (Bison, a partner of Sberbank, which was previously part of its structures) and the Kazakh JSC Transtelecom. Read more here.
2021: Completion of the privatisation of the company
In March 2021, the privatization of Transtelecom was completed. According to the decree of the Government of Kazakhstan "On the alienation of a strategic object," a 75% stake in the telecom operator minus one security was transferred to Unit Telecom, co-owned by the chairman of the board of directors of Transtelecom Nurali Aliyev.
The latter also owns investment holding Capital Holding and shares in venture capital fund Nd Capital. The second co-founder of Unit Telecom is Dmitry Purchasing. He is also on the board of directors of Transtelecom.
The process of privatization of JSC Transtelecom shares was implemented by the government Kazakhstan in pursuance of the head's instructions states on the need for privatization and reduction of the quasi-public sector of the economy.[2]
2018
Marlene Mukhanov bought a 26% stake in Transtelecom
In May 2018, 26% of the stake minus one share of Transtelecom was bought out as part of the second wave of privatization as a result of trading in an open two-stage tender. Then the transaction cost amounted to 9.45 billion tenge.
The owner of the share was the little-known Marlene Mukhanov, follows from the decree of the Government of Kazakhstan on the alienation of the strategic asset from state property. This is also confirmed on the website of the register of enterprises with state participation. However, in KASE's official stock exchanges, Mukhanov was previously mentioned as an attorney for President Nurali Aliyev's grandson.
Before the transaction, Marlene Mukhanov already owned a 49% stake in Transtelecom. Thus, in 2018, he began to own 75% of the company minus one share.
The total amount of the transaction in nominal terms for a package of 75% minus one share as a result amounted to almost 18.4 billion tenge, and the total value of Transtelecom was estimated at 24.5 billion tenge.
Launch a cross-border network transition in conjunction with TransTeleCom
TransTeleCom Company (TTK), a telecom operator in Russia, and Kazakh operator Transtelecom on October 23, 2018 announced the implementation of a joint project to launch a cross-border network transition. The junction in the network infrastructures of operators is organized between the Aksarayskaya station from the Russian side and the D. Nurpeisova station in Kazakhstan.
The interconnect is made using WDM (wavelength-division multiplexing) technology, which allows you to simultaneously transmit several information channels over one optical fiber at different carrier frequencies at speeds up to 100 Gb/s. As a result of the launch of the transboundary crossing, a highly reliable route was formed, most of which is geographically located in protected zones of railway exclusion that are not areas of general operation. The organization of the junction made it possible to form a transit data transmission route between Europe and Asia, as well as the most convenient and shortest route to Turkmenistan, Uzbekistan and Kyrgyzstan, the TransTeleCom noted. Operators have a valid network junction in Petropavlovsk in Northern Kazakhstan.
The launch of the second joint will increase the connectivity of Kazakhstan's Transtelecom network with the Russian segment and with global network resources, Internet as well as offer customers geographically distributed routes to improve the reliability of networks.
 | The organization of new border crossings contributes to increasing the connectivity of the network infrastructure, which allows us to meet the growing needs of our customers in the fast and reliable transfer of data from the European part of the continent directly to Kazakhstan and other countries of Central Asia, as well as to China, - commented Sergey Yakovlev, Head of the Department for Work with Telecom Operators of TransTeleCom Company. |  |
| | Partnership with the Russian trunk operator TransTeleCom is important for us. The geographical location makes the company's networks an optimal route for the transit of traffic between Europe and Asia, and the standards of work ensure high reliability and minimal signal delay. We are confident that successful and mutually beneficial cooperation of our companies will develop, and the portfolio of jointly provided services will grow, "said Parviz Sharipov, head of the representative office of Kazakhstan's Transtelecom JSC in Moscow. | |
As of October 2018, TransTeleCom network infrastructure has 19 cross-border crossings with networks of 32 foreign operators.
2016: $12 million allocated by EDB to Kazakhstan's Transtelecom
Kazakhstan Transtelecom received $12 million in a loan from the Eurasian Development Bank for the development of new projects.
The Eurasian Development Bank (EDB) has opened a credit line in the amount of $12 million for the leading TV operator of Kazakhstan - Transtelecom.
Among the company's plans to develop the loan is the organization of Internet access on the railway of Kazakhstan, as well as the implementation of a number of new projects, including the creation of an IT structure at the Astana EXPO-2017 facilities.
Earlier, the EDB has already financed the Transtelecom project to create an automated system for accounting, analysis and control of energy consumption on railway rolling stock.
2015:49% sale
In May 2015, 49% of Transtelecom's shares were sold as a result of trading by JSC NK KTZ in the method of an open two-stage tender and a government decree.
Notes
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