No takers for 75% stake in Kyrgyz Mobile Company

22 Aug 2012

Kyrgyzstan’s State Property Fund received no applications for participation in an auction for a 75% stake in state-owned Kyrgyz Mobile Company by the 17 August deadline, reports Tazabek. The auction of the start-up cellco, which holds a licence for the provision of GSM and W-CDMA mobile services in the country, was scheduled to take place on 21 August 2012, with a starting bid price of KGS152.5 million (USD3.2 million). According to TeleGeography’s GlobalComms Database, the National Communications Agency in mid-2011 allocated GSM and UMTS frequencies to a newly established, wholly state-owned wireless operator, Kyrgyz Mobile Company. In February 2012 the government proposed a list of companies to be privatised between 2012-14, which included the sale of a 75% stake in Kyrgyz Mobile Company.

Kyrgyzstan