Ukrainian Ride-Hailing Service Uklon Eyes Expansion into Kazakhstan
Photo: Elements.envato.com, ill. purposes
A new competitor may soon enter Kazakhstan’s ride-hailing market as Ukrainian company Uklon considers expansion, Orda.kz reports, citing Bloomberg.
Kyivstar, a telecom provider under the international Veon group, announced plans to acquire 97% of Uklon’s shares for $155.2 million. The new ownership aims to introduce the service to additional markets, including Kazakhstan.
Veon will explore opportunities for Uklon to enter Kazakhstan, Pakistan, and Bangladesh, said Kaan Terzioğlu, CEO of Veon.
If launched, Kazakhstan would be the second Central Asian country where Uklon operates. The company entered Uzbekistan in 2023 and now holds a leading position in Ukraine’s taxi and delivery sector, covering 27 cities.
Kazakhstan’s taxi market is currently dominated by Yandex GO, which controls around 90% of ride-hailing services. The Agency for Protection and Development of Competition (AZRK) is now reviewing ways to boost competition in the sector.
Original Author: Nikita Drobny
Latest news
- Layoffs Hit Voice of America Amid USAGM Downsizing
- Russian Media Claims Kazakhstan's Ministry of Energy Exploring Production Adjustments to Meet OPEC+ Quotas
- Concert by Ukrainian Quest Pistols Not Approved in Qostanay
- Economist Warns of Foreign Software Use by Kazakhstan's State Agencies
- Two and a Half Years Later, Still No Verdict in Aibolat Muratkhan’s Homicide Case
- Tashkent and Moscow Sign Agreement to Explore Large Nuclear Power Plant
- Altynalmas Pays Out Partial Dividends for 2024
- Kazakh Petroglyphs at Risk
- MP Calls for Return of Qazaq Oil Petrol Stations to State
- KazMunayGas Plans Fleet Expansion Amid Caspian Shallowing Concerns
- Temirtau Native Sentenced to 22 Years in Russia
- Starlink in Prison: Interior Ministry Investigating Pavlodar Incident
- Kazakhstan and Russia Sign NPP Roadmap at SPIEF
- Regulations, Costs, and Access Issues Leave Rural Kazakhstan Offline
- Government Steps Up Oversight of Irrigation Water
- Altynalmas Opens Its Own Trading House Amid Ongoing Expansion
- NVIDIA H200 Supercomputer Arrives in Kazakhstan, Launch Expected in 10 Days
- Kazakhstan: Man Declared Victim of Repression After Almost 40 Years
- Kazakhstan Records First Foreign Investment Outflow in Over 30 Years
- Customs Officer in Jambyl Region on Trial for Bribery
