Kazakhtelecom’s revenues climb 13% in 2021; highlights FWA expansion push

21 Mar 2022

Kazakhtelecom (KT) reported that in 2021 its group revenues increased by 13% to KZT594 billion (USD1.164 billion) while annual group net profit jumped by 49% to KZT97 billion, helped by synergies between its operating divisions which include the parent fixed line operator plus mobile providers Kcell and Mobile Telecom Service (Tele-Altel). State-backed KT’s consolidated EBITDA rose 13% in FY21 to KZT278 billion, aided by cost optimisation programmes.

In its announcement, KT highlighted plans to accelerate fixed wireless access (FWA) network rollout initiatives aimed at providing high speed internet to the private sector in cities and surrounding areas, especially in locations where the replacement of copper lines with fibre-optics would be inefficient. Kaunyshbek Yessekeyev, chairman of the board at KT, stated: ‘The first base stations for operational connection of subscribers to the FWA network have been installed in the capital, settlements and private sectors near Almaty, Shymkent, Akmola and Almaty regions. This year we intend to expand … such networks throughout the country to provide the population of the private sector of our cities with all modern telecommunications services.’

Kazakhstan, Kazakhtelecom (KT)