/KASE, December 9, 2022/ – Kazakhtelecom JSC (Astana), whose securities
are officially listed on Kazakhstan Stock Exchange (KASE), has provided
KASE with the following press release dated December 9, 2022:
quote
The international rating agency Fitch Ratings has affirmed Kazakhtelecom JSC'
credit rating at BBB- (Stable outlook). Among key drivers of the rating,
analysts name the Group's stable market positions, strong results despite
challenges, as well as a significant headroom of financial stability.
According to Fitch Ratings’ analysts, Kazakhtelecom JSC benefits from
developed network infrastructure owned by the company, as well strong financial
profile. The high rating of creditworthiness of the country's largest telecom
operator is underpinned by the company's market-leading position in all telecom
segments in Kazakhstan. In 2021, the company's subscriber market share was
93% in fixed voice, 71% in fixed broadband, 59% and 37% in mobile and pay-TV
services, respectively, accounting for more than 60% of total telecom market by
revenue.
unquote
The complete press release is available on:
-
https://kase.kz/files/emitters/KZTK/kztk_relizs_091222_ru.pdf – in Russian;
-
https://kase.kz/files/emitters/KZTK/kztk_relizs_091222_en.pdf – in English.
[2022-12-09]