MTS eyes Babilon

16 Apr 2008

Russian wireless group Mobile TeleSystems (MTS) is reported to be discussing the acquisition of a majority stake in Tajikistan’s largest cellco by subscribers, Babilon. Bezkhod Faizullayev, 60% owner of the Tajik cellco, has confirmed talks are ongoing but declined to provide further details. If negotiations are successful, the purchase would give MTS a footprint over much of the CIS region, with existing coverage of Russia, Ukraine, Belarus, Uzbekistan. Turkmenistan and Armenia. Babilon was reported to have around 700,000 wireless subscribers at the end of last year.

Tajikistan, Babilon-M, Mobile TeleSystems (MTS)