/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:
quote
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.
unquote
The complete press release is available on:
-
https://kase.kz/files/emitters/KZTK/kztk_relizs_231222.pdf – in Russian;
-
https://kase.kz/files/emitters/KZTK/kztk_relizs_231222_en.pdf – in English.
[2022-12-23]