/KASE, December 6, 2023/ – Kazakhtelecom JSC (Astana), whose securities
are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE
with the following press release dated December 6, 2023:
quote
The international rating agency Fitch Ratings confirmed the credit rating of
Kazakhtelecom JSC at the level of 'BBB-' with a 'Stable' outlook, paying special
attention to the stable market positions of the company group, as well as a
significant margin of financial strength. Previously, the largest telecom
operator in Kazakhstan retained its position in the rating of another
authoritative international structure, S&P Global Ratings.
According to Fitch Ratings analysts, Kazakhtelecom's high credit rating is
underpinned by its leading positions across all telecom segments in Kazakhstan.
By the company's assessment, its subscriber market share was 93% in fixed
voice, 64% in fixed broadband, 58% in mobile and 34% in pay-tv services in
2022. According to Fitch Ratings, all this together exceeds 60% of the total
telecommunications market in terms of revenue, and allows the company not
only to effectively carry out its current activities, but also to invest
significant funds in its development.
unquote
The complete press release is available on:
-
https://kase.kz/files/emitters/KZTK/kztk_relizs_061223.pdf – in Russian;
-
https://kase.kz/files/emitters/KZTK/kztk_reliz_061223_en.pdf – in English.
[2023-12-06]