Kyivstar owner buys Uzbek operator for $207m

Kyivstar owner buys Uzbek operator for $207m

International telecommunications group VEON, which owns Ukrainian operator Kyivstar, has agreed to acquire Uzbek mobile operator Perfectum. The deal is valued at $207m.

The acquisition includes the acquisition of 115 MHz of radio frequency resources, a 4G/LTE mobile network and a standalone 5G network built on Nokia equipment.

Upon completion of the deal, the frequency resources of Beeline Uzbekistan, which is also part of the VEON group, will increase by approximately 50%.

The parties plan to close the deal by the end of October.

VEON views the acquisition of Perfectum as an opportunity to expand its telecommunications assets and strengthen its presence in the Uzbek market.