Rostelecom plans to bid for Kyrgyz Telecom

26 Jan 2006

According to a report by Prime-Tass, Russian long-distance operator Rostelecom has announced plans to take part in the tender for the Kyrgyz government’s 77.8% stake in fixed line telco Kyrgyz Telecom. The government confirmed it would put the stake up for sale yesterday, expecting to raise in excess of USD20 million. It has not yet named an exact date for the tender. Another potential bidder is thought to be Russian telecoms holding firm Altimo (formerly Alfa Telecom). As it stands, Kyrgyz Telecom is owned by the Kyrgyz government (77.84%), the Social Fund of Kyrgyzstan (12.51%), the company’s employees (5%), the company’s management (1%) and other individuals (3.65%).

Kyrgyzstan, Kyrgyztelecom (incl. KT Mobile), Rostelecom