Kyrgyzstan solicits applications for sale of MegaCom at fourth attempt

24 Aug 2017

The Fund for State Property Management under the Government of the Kyrgyz Republic (FGI) has invited applications for the purchase of 100% of the shares in state-owned mobile operator Alfa Telecom (trading as MegaCom), stipulating minimum bids of KGS13.5 billion (USD197 million). The announcement on the FGI website says that proposals from would-be buyers must be submitted to the Fund no later than 25 September 2017, and notes that an additional 7% commission fee will be charged on top of the sale price. Three previous attempts to privatise MegaCom have failed.

Kyrgyzstan, MegaCom (Kyrgyzstan)