SB Sberbank of Russia (Kazakhstan) announces participation in funding project ALTEL4G

09.07.13 13:39
/KASE, July 9, 13/ – SB JSC "SB Sberbank" (Almaty), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press-release: quote SB JSC "Sberbank" took part in funding the project ALTEL4G of JSC "ALTEL" (subsidiary organization of JSC "Kazakhtelecom") involving implementation of the fourth generation communications in Kazakhstan. The funding will allow the company to conduct construction works, purchase terminal equipment under implementation of project 4G/LTE in Kazakhstan. "Sberbank readily takes part in such projects, since development of innovations in Kazakhstan is one of the most important and perspective lines of the home economy. Sberbank actives uses in Kazakhstan various innovative technological solutions for the business organization, and we are pleased to participate in implementing new high communication standards in Kazakhstan", – commented on the deal Chairman of Management Board of SB JSC "SB Sberbank" Aleksandr Kamalov. ALTEL 4G" is a new stage in development of wireless communications. The LTE technology allows transmitting data at a speed up to 10 times exceeding the speed of previous technologies. "This is an innovative product created on the basis of a state-of-the-art data transmission technology enabling creation of comfortable, comprehensible and beneficial conditions for use of high-speed mobile access to the Internet for business, entertainment, socializing, education and full range of capabilities of the world web. And we are thankful to Subsidiary Bank JSC "Sberbank of Russia" (Kazakhstan) for support", – said vice-president of development of LTE of JSC "ALTEL" Tolga Huseyn Gedikoglu. JSC "ALTEL" uses for implementing the project of development of 4G/LTE in Kazakhstan funds borrowed from SB JSC "SB Sberbank", as well as own resources. Until the end of 2013 it is planned to launch the 4G/LTE in Karagandy, Aktau, Atyrau, Aktobe, and by the end of 2014 to connect to 4G all regional centers of Kazakhstan. For additional comments please turn to press-service: SB JSC "SB Sberbank" Viktoriya Rodenkova tel. +7 727 334 22 79 (ext.2358) +7 777 811 48 82 e-mail: JSC "ALTEL" Elena Lakizo 2598120 (ext. 11231) mobile +7 700 999 5220 e-mail: unquote [2013-07-09]