VEON Accelerates Telecom Market Consolidation in Uzbekistan, a Market of Nearly 40 Million People
7 Articles
7 Articles
The international telecommunications holding VEON has concluded an agreement to purchase 100% of Rubicon Wireless, a company operating in Uzbekistan under the Perfectum brand, as reported by VEON.
Veon has concluded an agreement to acquire Rubicon Wireless for approximately US$ 207 million, including debts. Exclusive material for subscribers. To have full access, access the link of the material and register.
Hastings Tribune
VEON Accelerates Telecom Market Consolidation in Uzbekistan, a Market of Nearly 40 Million People
Strategic acquisition of Perfectum strengthens Beeline Uzbekistan’s competitive position, expands spectrum resources and creates new opportunities for growth in 5G, broadband and digital
VEON has reached an agreement to acquire 100% of the shares of the operator Perfectum. The acquisition is expected to increase Beeline Uzbekistan's communication frequencies by about 50%.
VEON Holding, the owner of Beeline Uzbekistan, has agreed to acquire 100% of the operator Perfectum. The transaction value, including debt, is about $207 million. This will increase Beeline's radio frequencies by 50%. The transaction is expected to be completed by the end of October.
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