Kazakhstan’s largest cellco by subscribers GSM Kazakhstan (GSM-K) says it plans to invest USD 264 million this year, up from USD 223 million in 2007, as it pushes ahead with the expansion of its network.
GSM-K, which offers services under the K-Cell brand, is set to install 310 new base stations by the end of the year, according to Interfax. GSM-K is 49 percent owned by Kazakhtelecom and the remainder is held by Fintur Holding, a venture between Turkcell and TeliaSonera.