/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:
quotwe
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.
unquote
The full press release is available on KASE website:
-
https://kase.kz/files/emitters/KZTK/kztk_reliz_291021_1.pdf – in Russian;
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https://kase.kz/files/emitters/KZTK/kztk_reliz_291021_eng_1.pdf – in English.
[2021-10-29]