/KASE, November 21, 2025/ – Kcell JSC (KASE ticker – KCEL) reported the following:

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Kcell JSC (KASE, KCEL), one of Kazakhstan's leading mobile operators, announces that international rating agency Fitch Ratings has affirmed the company’s long-term credit rating at 'BB+' with a Stable Outlook. According to Fitch, the rating reflects Kcell’s strong position in the mobile market and its moderate level of leverage.

Commenting on the affirmation, Askar Zhambakin, Chairman of Kcell JSC, said: "Fitch's confirmation is a sign of confidence – including from investors – and shows that we are on the right track. Over the past two years, we have significantly improved network quality by strengthening 4G, expanding coverage and launching large-scale 5G deployment. But there is still a lot to do. Kazakhstan is a vast country, and people need reliable connectivity. We will continue to invest in our network, enhance service quality and justify the trust of international analysts, our customers and our partners through tangible results and further infrastructure development nationwide."

Fitch analysts note that Kcell continues to deliver growth in revenue and subscriber base through the expansion of convergent mobile and fixed bundles, supported by Kazakhtelecom's infrastructure and access to its customer base. Product and sales-channel synergies between the two operators remain key drivers of growth in the B2B segment, enabling Knell to offer converged solutions that combine fixed and mobile broadband with value-added services such as cloud and cybersecurity.

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Full version of the press release – see more

[2025-11-21]