Russia's MTS sells business in Uzbekistan

Until the end of August 2016 MTS can for "a symbolic price" to sell to the Uzbek authorities repossessed a 50.01% of the third mobile operator in the country – Universal Mobile Systems (UMS), a joint venture...

2016-08-05 21:19:33 286

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Until the end of August 2016 MTS can for "a symbolic price" to sell to the Uzbek authorities repossessed a 50.01% of the third mobile operator in the country – Universal Mobile Systems (UMS), a joint venture with the state Center of radio broadcasting and television of Uzbekistan.
According to the interlocutor of "Interfax", from Uzbekistan have already left the Russian UMS staff, except CEO.

MTS Company sold the share of repossessed a 50.01 per cent in its subsidiary in Uzbekistan, Universal Mobile Systems (UMS).
As reported by "Vedomosti", until mid-2012, has worked in Uzbekistan absolute "daughter" MTS "Uzdunrobita", which was the market leader, and served 39 percent of subscribers.

JSC "Mobile TeleSystems" (MTS) will come from the co-founders of mobile operator Universal Mobile Systems (UMS), sold his share of the Uzbek side.
the Source Agency notes that MTS and the Uzbekistan Government currently agreed terms of the transaction.

the Publishers say: MTS may leave Uzbekistan MTS has sold its business in Uzbekistan media: MTS until the end of August will be out of business in Uzbekistan

"the Decision of the parties essentially reached in the near future, until the end of August, MTS can come from the founders," he said, refusing to elaborate on the details.
Universal Mobile Systems December 1, 2014 has started commercial operation of the mobile communication network in Uzbekistan after the end of July 2014, the government of Uzbekistan and MTS after litigation entered into a settlement agreement. The company may leave the market of Uzbekistan have agreed on a deal on Russian MTS jointly with the authorities of the country of the enterprise Universal Mobile Systems (UMS), in which the share of MTS can be purchased at a symbolic price. The actual implementation of the transaction will depend on the terms of the agreement of MTS and U.S. authorities investigating corrupt deals with the expansion of the operator into Uzbek market. Until the end of August 2016 MTS can for "a symbolic price" to sell to the Uzbek authorities repossessed a 50.01% of mobile operator Universal Mobile Systems (UMS) is a joint venture with the state Center of radio broadcasting and television of Uzbekistan.
the Source of "Interfax" says that the sale of the stake in UMS associated with the settlement of claims of U.S. authorities in a corruption case.

Anatoly Kurchenko

the Publisher of Radio Liberty / Radio Free Europe on the topic of MTS will leave Uzbekistan by the end of this month : "the Decision of the parties essentially reached in the near future, until the end of August, MTS can come from the founders," he said, refusing to elaborate on the details.

According to Radio Liberty / Radio Free Europe about Russia's MTS sells business in Uzbekistan : Telecommunication operator, Mobile TeleSystems sell your business in Uzbekistan, according to "Vedomosti".

According to Radio Liberty / Radio Free Europe about the media: MTS until the end of August out of the business in Uzbekistan : JSC "Mobile TeleSystems" (MTS) will come from the co-founders of mobile operator Universal Mobile Systems (UMS), sold his share of the Uzbek side.


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