VEON Accelerates Telecom Market Consolidation in Uzbekistan, a Market of Nearly 40 Million People
VEON has agreed to acquire 100% of Rubicon Wireless, the Uzbekistan mobile operator trading as Perfectum, for total consideration of approximately $207 million including ~$93 million of assumed debt. The deal adds 115 MHz of spectrum across the 850 MHz and 3,800 MHz bands plus a 5G standalone network built on Nokia equipment, boosting Beeline Uzbekistan's spectrum holdings by roughly 50%. Regulatory approvals are already obtained and completion is expected by the end of October, funded from VEON's existing cash.
Key figures
- Deal Value Usd
- 207000000
- Assumed debt usd
- 93000000
- Market population
- nearly 40 million
- Spectrum acquired
- 115 MHz across 850 MHz and 3,800 MHz bands
- Spectrum increase pct
- 50%
AI analysis
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