Annual Report for 2024 NEXT GENERATION NETWORK FOR YOUR PRESENT

Key Events in the Company’s History

1998

  • 1 June – GSM Kazakhstan LLP of Kazakhtelecom JSC is established;
  • 8 June – Receives a perpetual state license to provide GSM-standard mobile communication services

1999

  • February 7 – Launch of the Kcell brand;
  • September 9 – Launch of the activ brand

2003

  • September 18 – Becomes the first mobile operator in Kazakhstan to offer mobile internet access;
  • September – Launch of multimedia messaging service (MMS)

2005

  • September 13 – Becomes the first operator in Kazakhstan to introduce GPRS roaming

2008

  • August 26 – Company license is updated to include operation of the GSM-1800 network.

2010

  • December 1 – Commercial launch of 3G network in Astana and Almaty

2012

  • February 2 – Kazakhtelecom JSC completes sale of its stake to Sonera Holding B.V.;
  • August 27 – Company restructured as a joint-stock company and renamed Kcell JSC;
  • November 29 – Ordinary shares begin trading on ASE);
  • December 13 – Global Depositary Receipts (GDRs) listed on the London Stock Exchange (LSE)

2014

  • April 15 – Becomes an official iPhone distributor in Kazakhstan;
  • September – Launch of a large-scale rebranding of the activ trademark;
  • November 16 – Launch of the Kcell/activ mobile application;
  • End of year – Becomes the largest non-financial taxpayer in Kazakhstan

2015

  • February – Completion of activ brand rebranding;
  • March – First activ retail store opens in Almaty

2016

  • January 5 – Company receives rights to use additional spectrum in the 700/800 MHz and 1800 MHz ranges to enhance national coverage and prepare for 4G/LTE rollout

2017

  • March 1 – LTE network launched across Kazakhstan;
  • June – 4G+ (LTE Advanced) launched in Almaty and Shymkent;
  • November 1 – Fitch Ratings assigns a long-term issuer default rating of ‘BB’ with a Stable outlook.

2018

  • January 16 – Kcell places KZT 4.95 billion in bonds on KASE;
  • December 21 – Kazakhtelecom JSC acquires a 75 % stake in Kcell JSC from Telia Company and Fintur Holdings B.V.

2019

  • June 27 – Fitch affirms ‘BB’ rating and upgrades outlook from Stable to Positive

2020

  • During the pandemic, 3,500 medical workers receive free voice and internet services;
  • Free access granted to over 400 educational websites and 27 mobile banking apps;
  • April 16 – Launch of biometric SIM machines for SIM card purchase, replacement, top-ups, and eSIM activation

2021

  • June 14 – GDRs delisted from the LSE and Astana International Exchange (AIX);
  • July – Launch of OGO Finance in partnership with First Heartland Jusan Bank and Mastercard;
  • September 30 – Kazakhtelecom JSC sells 24 % of its Kcell shares on KASE

2022

  • January 5 – Operational headquarters established during national emergency to ensure uninterrupted communication and support for government efforts;
  • February 25 – Completion of the first phase of the Nexign Converged BSS billing system;
  • December 12 – Fitch affirms Kcell’s long-term rating at ‘BB+’ with a Stable outlook;
  • December 16 – Kcell, in consortium with Mobile Telecom-Service LLP, wins 5G license tender.
  • December – Completion of the second phase of the Nexign Converged BSS billing system

2023

  • November 16 – Kcell named “Leader of the Stock Market” by KASE;
  • December 5 – Fitch affirms long-term issuer rating at ‘BB+’, outlook remains Stable
     

2024

  • March 30 – Kcell supports residents affected by floods in five regions of Kazakhstan by providing free packages with 10 GB of data, 50 call minutes to any network, and 50 SMS.
  • November 24 – Fitch reaffirms Kcell’s credit rating at ‘BB+’ with a Stable outlook