Kazakhtelecom and Development Bank of Kazakhstan signed credit line agreement for financing the project on providing broadband access to Internet to remote villages

18.10.19, 18:55
/KASE, October 18, 2019/ – Development Bank of Kazakhstan (Nur-Sultan), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release dated October 18, 2019: quote Development Bank of Kazakhstan JSC (a subsidiary of Baiterek National Management Holding JSC, hereinafter referred to as the Bank, DBK) and Kazakhtelecom JSC signed an agreement to open a credit line to finance a project to provide broadband Internet access in distant villages. The Bank will provide a loan in the amount of 26.7 billion tenge for up to 13 years, for its part, Kazakhtelecom as the initiator of the project, will use its own funds in the amount of 31.1 billion tenge. It is expected that the financing provided by the Bank will allow the project to be implemented in the most efficient way possible and will make a significant contribution to the implementation of the state program “Digital Kazakhstan”. quote Full version of the press release is posted on the KASE website at – http://kase.kz/files/emitters/BRKZ/brkz_reliz_181019_2.pdf [2019-10-18]