---
schema_version: "secwatch.filing_event.v1"
accession: "0000924805-23-000116"
form_type: "8-K"
ticker: "FRHC"
cik: "0000924805"
company_name: "Freedom Holding Corp."
filed_at: "2023-12-01T23:59:59+00:00"
generated_at: "2026-06-07T19:45:48.647362+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Freedom Holding Corp board approves entry into Kazakhstan telecom market with $650M capex plan

## Summary
- Plans to launch new telecom operator Freedom Telecom, aiming to build an ecosystem combining financial services and telecom.
- Total capex projected at ~$650M over five years for 5G license, backbone network, data center, and acquisitions.
- Freedom Telecom expected to be loss-making in 2024-2026, profitable from 2027; consolidated net income impact starting 2028.
- Financing mix of domestic bond issuance in Kazakhstan and vendor financing.
- CEO Timur Turlov previously served on board of Kcell, a leading Kazakh telecom, until October 2023.

## SEC filing metadata
- accession: 0000924805-23-000116
- form_type: 8-K
- ticker: FRHC
- cik: 0000924805
- company_name: Freedom Holding Corp.
- filed_at: 2023-12-01T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/924805/000092480523000116/0000924805-23-000116-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/924805/000092480523000116/frhc-20231127.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000924805-23-000116
- JSON: https://secwatch.observer/filing/0000924805-23-000116.json
- Plain text: https://secwatch.observer/filing/0000924805-23-000116.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.