/KASE, October 29, 2021/ – Kazakhtelecom (Nur-Sultan), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release dated October 29, 2021:

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International rating agency S&P Global Ratings has published a report on Kazakhtelecom JSC credit rating at ‘BB+’, Outlook Stable. The report says that agency expects further revenue growth for the largest telecom operator in Kazakhstan in 2021-2022.

In the agency’s analysts’ opinion, Kazakhtelecom’s key strengths are: dominant position in the telecommunications market of Kazakhstan and an extensive network infrastructure, with more than 82,000 kilometers of back-bone network and more than 13,000 base stations. According to S&P Kazakhtelecom benefits from strong profitability, with EBITDA margins at nearly 50%, moderate leverage and sound free operating cash flow (FOCF) generation.

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The full press release is available on KASE website:

• see more – in Russian;
• see more – in English.

[2021-10-29]