Renewed attempt to sell state mobile operator launched

12 Mar 2013

Kyrgyzstan’s State Property Management Fund has launched a fresh 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 19 April 2013, with a starting bid price of KGS152.5 million (USD3.2 million). Last year two separate attempts to sell a 75% stake in the company failed, after the State Property Management Fund received no applications for participation in the auctions held in August and December 2012.