Illustration: AI
Beeline Kazakhstan has completed its purchase of 100% of OLX’s Kazakhstan business for $81 million, the operator’s parent company VEON said (veon.com). The classifieds platform, with around 9 million users a month, will join the group’s digital services portfolio.
What happened
The final purchase price includes around $6 million in adjustments at closing. The companies initially agreed on a price of $75 million.
OLX Kazakhstan lets users buy and sell goods, offer services, and list properties and cars. According to the company, the platform reaches more than 52% of the country’s active internet users — more than half.
The platform’s revenue exceeded $28 million in the financial year ended March 2026. The figure of around 9 million monthly active users is also the company’s estimate.
What this means
The purchase expands Beeline’s business beyond telecommunications. VEON’s digital portfolio already includes financial, entertainment, healthcare and education services, as well as business solutions. Kazakhstan’s classifieds platform will now join that portfolio.
Beeline Kazakhstan CEO Jabbor Kayumov links the development of new services to bringing together OLX’s audience and Beeline’s telecommunications infrastructure. He said this would make it possible to offer new digital services to millions of people across the country.
VEON CEO Kaan Terzioglu described the acquisition as another step in the group’s digital strategy. In his view, OLX will complement the existing ecosystem and broaden users’ access to digital services.
How OLX will keep running after the deal
Following the sale, OLX Group will continue to provide transitional IT services to the Kazakhstan platform — technical support during the business handover. The companies made these arrangements to keep the service running without interruption.
Beeline announced plans to buy OLX Kazakhstan in October 2025. The deal is now complete, and OLX Group will continue to provide transitional IT services under the business transfer agreement.
