Translated version of this PSD: Russian
Project Description
The EBRD is considering providing a long term loan of up to USD 200 million to Kazakhtelecom (KTC or the Company), the incumbent telecoms operator in Kazakhstan in order to support the company’s investment in (1) expanding its fixed line broadband network coverage, capacity and quality in regional centres of Kazakhstan and (2) financing its planned LTE (4G) mobile broadband network roll-out.
Transition Impact
Transition impact will come from:
(i) market expansion, through increasing broadband penetration in the regions of Kazakhstan;
(ii) improvements in the regulatory framework, through technical co-operation in order to review and implement regulatory changes; and
(iii) setting standards of corporate governance and business conduct.
The Client
KTC, is the incumbent operator in Kazakhstan. Its main services are fixed telephony (including local, long distance and international services) as well as broadband and internet services.
EBRD Finance
EBRD is providing up to USD 200 million debt financing to KTC by way of a term loan.
Project Cost
USD 800 million.
Environmental Impact
The project was categorised “B” by European Bank for Reconstruction and Development (EBRD), which means that an environmental and social analysis was required by the Bank, in accordance with the 2008 Environmental and Social Policy and Performance Requirements (PRs).
The project is unlikely to be associated with significant environmental and social impacts. Due diligence to date showed that the company is in line with relevant PRs. The company has Environmental, Health, Safety and Human Resources Management procedures in place. For the coming operation, the company is required to ensure that the project is in compliance with relevant PRs.
Technical Cooperation
EBRD will assist the Government of Kazakhstan and KTC with reviewing and implementing regulatory changes in the telecommunications sector.
Business opportunities
For business opportunities or procurement, contact the client company.
For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com
General enquiries
EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com
Public Information Policy (PIP)
The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP
