/KASE, December 23, 2022/ – Kazakhtelecom JSC (Astana), whose securities are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release dated December 23, 2022:

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Following its official affirmation of Kazakhtelecom’s credit rating at BBB- (outlook "Stable") international credit rating agency Fitch Ratings published its annual detailed report on the company's credit rating. In it the agency confirms its forecast of revenue growth and strong financial profile announced in the beginning of the month when the rating was affirmed.

According to Fitch Ratings' analysts, Kazakhtelecom JSC benefits from developed network infrastructure owned by the company, as well as 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 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.

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The complete press release is available on:

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

[2022-12-23]