Kyrgyztelecom will not be privatised, state says

6 Sep 2013

The government of Kyrgyzstan has ruled out the sale of its majority shareholding in fixed line incumbent Kyrgyztelecom, local newspaper Rossiyskaya reports. The Cabinet of Ministers has included the national telecoms company on a list of state-owned assets that will not undergo privatisation, arguing that such a move could lead to an increase in retail fixed line tariffs in the country. TeleGeography’s GlobalComms Database notes that Kyrgyztelecom’s turnover has declined steadily in recent years, from KGS2.474 billion (USD38.5 million) in 2011 to KGS2.251 billion a year later, while service revenue fell from KGS2.341 billion to KGS2.082 billion over the same period. At the end of 2012 the telco reported a total of 438,664 fixed voice customers, down from 443,731 a year earlier and 446,633 in 2010.

Kyrgyzstan, Kyrgyztelecom (incl. KT Mobile)