Companies where the management has high social responsibility are the driving force behind the development of regions and entire countries. They operate in certain sectors of the economy, offering services or products that significantly improve people’s lives and provide new conditions for development. In Kazakhstan, Freedom Holding Corp. plays a similar role.
Features of the company’s activities
The holding is registered in the United States, and its shares are traded on the Nasdaq technology exchange. However, its founder Timur Turlov is Kazakh and lives in Kazakhstan. It is here that he promotes many goods and services, creates various opportunities for other companies and ordinary citizens.
One of the areas of activity is the development of telecommunications. Developing the digitalization of various services, the owner of the holding understands that this requires stable, reliable, accessible communications with high data transfer rates. For many regions of Kazakhstan, wireless FWA has become such a technology.
It is created in regions where wired options will be expensive or ineffective for various reasons. Fixed wireless communication is based on a network of stations. It is planned to create a network of a thousand stations. Near the center transmitting the signal, during testing, the speed of up to 1 Gbit/s was recorded, at a distance of 1.5 km it decreases to 200 Gbit/s, which is quite enough to broadcast streaming video in high definition.
It is planned that each station will provide 300-400 subscribers, and the breakeven point will occur within 3-4 years.
The importance of such activities for the population of the country and the holding itself
Half of the inhabitants of Kazakhstan do not have access to broadband Internet. Given the vastness, the distances, the wired method is developing slowly, and it is not profitable everywhere.
The interests of the holding lie in the field of digitalization, in particular the provision of banking, brokerage, online shopping services. It is impossible to do this without a reliable Internet channel, therefore, here the economic interests of Freedom Holding Corp and ordinary users completely coincide, are mutually beneficial.
In this case, not only the Internet is connected, but users receive a whole range of digital services at the level of the best world standards. A complex of complementary services is being created. The integration of banking, insurance, brokerage, and telecommunications activities will form a real ecosystem of the modern digital world.
