Fresh attempt to sell Kyrgyz Mobile Company launched

26 Nov 2012

Kyrgyzstan’s State Property Management Fund has launched a renewed attempt to find a buyer for a 75% stake in state-owned Kyrgyz Mobile Company, which holds a licence for the provision of GSM and W-CDMA mobile services in the country. In an announcement on its website, the State Property Management Fund has invited local and foreign investors to take part in an auction for the stake on 25 December 2012, with a starting bid price of KGS152.5 million (USD3.2 million). A previous attempt to sell a 75% stake in the company was cancelled earlier this year, after the State Property Management Fund received no applications for participation in the auction due to be held in August this year.