Kazakhtelecom shares to be traded on Saint Petersburg Stock Exchange

Finance Materials 29 March 2019 17:43 (UTC +04:00)

Baku, Azerbaijan, Mar. 29

By Rashid Shirinov – Trend:

Shares of Kazakhstan's national telecommunication company Kazakhtelecom JSC and its new mobile asset, Kcell JSC, have been included in the list of securities of the Saint Petersburg Stock Exchange, Trend reports via Kazakh media.

"Those are ordinary shares available for trading and acquisition by investors. I am sure that in the near future we will see interest of potential investors in the securities of the two companies", said Askhat Uzbekov, Chief Financial Officer of Kazakhtelecom.

It should be noted that the Saint Petersburg Stock Exchange is one of the first trading platforms for organizing trading in securities and futures contracts in Russia, which imposes strict requirements on its participants, thereby proving their financial stability and attractiveness.

"Kazakhtelecom is the leader of Kazakhstan's telecommunication market. The company feels very confident in the telecommunications segment and gives clear signals about its great ambitions in new industries that are promising and growing all over the world - smart city, the Internet of things, cloud services", said Rakhim Oshakbayev, Director of the TalapCenter for Applied Research.

He noted that all this is a guarantee of Kazakhtelecom's sustainable development and, accordingly, of a constant increase in its value and profitability.

Kazakhtelecom provides services of broadband Internet access, interactive television, cellular, local and long-distance telephone communication, telegraph, etc. Two main offices of the company are located in Astana and Almaty. Kazakhtelecom has branches in all regions of the country.


Follow the author on Twitter: @ShirinovRashid