ASTANA, Kazakhstan, April 27. Revenues of the Kazakhtelekom group of companies (Kazakhstan's largest telecom operator) amounted to 687.8 billion tenge (about $1.55 billion) in 2023, Trend reports.
According to the company's report, revenue increased by 53.3 billion tenge (about $120 million), or 8.4 percent, compared to 2022 (634.5 billion tenge, or about $1.43 billion).
As the company noted, the growth was achieved due to increased revenues in both the fixed-line and mobile segments.
At the same time, the company's EBITDA (earnings before interest, taxes, depreciation, amortization, and management) improved by 4.3 percent, and its profit margin relative to revenue was 43.3 percent.
In addition, the net profit of Kazakhtelecom amounted to 104.4 billion tenge, or about $235 million.
Notably, Kazakhtelecom is the leader of the telecommunications market in Kazakhstan, providing a wide range of services in all segments of the domestic telecommunications market: fixed telephony, broadband Internet access, mobile communications, pay television, and IT products.
The company's competitive advantage is its developed and powerful infrastructure, which includes an extensive fixed fiber-optic network (more than 88,000 km throughout the country) as well as an extensive mobile network.
This infrastructure enables the group of enterprises to provide high-quality services to 1.9 million internet access users, over 14.5 million mobile communications subscribers, and more than 1 million pay TV connection points.