/KASE, October 18, 2019/ – Kazakhtelecom (Nur-Sultan), whose securities are
officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with
the following press release dated October 18, 2019:
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.
Full version of the press release is posted on the KASE website at –