Kcell JSC agrees reduced interest rate with Eurasian Development Bank

Almaty, 26 May 2021 - Kcell Joint Stock Company (“Kcell” or the "Company") (LSE, KASE: KCEL; AIX: KCEL, KCEL.Y), the leading provider of mobile telecommunications services in Kazakhstan, announces that the Company has signed an additional agreement with the Eurasian Development Bank to reduce the interest rate from 11.5% per annum to 11.19% per annum, with the period of the loan availability until 31 December 2021.

Contacts

 

Investor Relations

 

Irina Shol

Tel: +7 727 2582755, ext. 1002

Investor_relations@kcell.kz

 

 

International Media

 

Instinctif Partners

Galyna Kulachek

Tel: +44 207 457 2020


 

 

Company Overview

Kcell provides mobile voice telecommunications services, messaging services, value-added services such as multimedia and mobile content services, as well as data transmission services including internet access. It has two brands: the Kcell brand, which is targeted primarily at corporate subscribers (including government subscribers), and the Activ brand, which is targeted primarily at mass-market subscribers. The Company offers its services through its extensive, high quality network, which covers substantially all of the populated territory of Kazakhstan.

Kcell plans to continue investing in the deployment of its 3G/4G network to expand coverage and to introduce high quality services. Kcell aims to provide high quality services at competitive prices, expand its offering of products and services, while maintaining the high quality of its network and enhancing its brand value.