S&P Confirmed Kazakhtelecom Ratings
OREANDA-NEWS. November 26, 2012. Standard & Poor’s rating agency prepared a report according to which a long-term credit rating of Kazakhtelecom JSC and rating by national scale were confirmed at previous level: "BB" prognosis is stable, reported the press-centre of Kazakhtelecom.
JSC "Kazakhtelecom", the national carrier of Kazakhstan and one of the fastest growing telecommunications companies in the former Soviet Union, provides a broad spectrum of infocomm services.
51% of Kazakhtelecom JSC shares are appropriated by the state represented by Samruk-Kazyna Fund of national prosperity JSC. The following are included to the structure of Kazakhtelecom JSC group of companies: "Altel" JSC (100%), "Nursat" JSC (77,08%), "Signum" LLC (100%), "Vostoktelecom" LLC (100%), "KT Cloud Lab" LLC (100%), "Radio Tell" LLC (100%), "Online.kg" LLC (100%) (as of 31.03.2012). Today group of companies of Kazakhtelecom JSC covers all main markets of consumers of infocommunication services.
The central office is located in the capital of Kazakhstan - Astana. The company employs about 30 thousand people. JSC "Kazakhtelecom" has regional offices in each area of the country and provides services throughout the country. According to operative data as of 1 January 2009 the company serves more than 3, 333 million fixed-line subscribers. The telephone density in the Republic of Kazakhstan is an average of 21.3 fixed lines per 100 people. JSC "Kazakhtelecom" closely cooperates and works with more than 40 operators from both near and far abroad.
JSC "Kazkahtelecom" is implementing a number of major infrastructure projects, upgrading and digital telecommunications networks, the introduction of new technologies providing for the villages, as well as the development of broadband Internet access.
Currently, Kazakhstan has an independent and competitive telecommunications network, the operation which is largely attributable to the implementation of JSC "Kazakhtelecom" largest state project - the construction of an information superhighway (INSM). This project helped to make a significant step towards the creation of "digital States", infrastructure "electronic government", and "information society". In addition, NISH will ensure the integration of Kazakhstan into the world information space.
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