Russian group Alfa Telecom has placed a winning bid worth KGS210mn (€3.2mn) to acquire a 75% stake in the state-owned mobile operator, Kyrgyz Mobile Company, news agency AKIpress.com reported.
The tendering process for the privatisation of Kyrgyz Mobile Company was originally launched in 2012, when parliament gave the State Property Fund (SPF) mandate to sell a 75% stake in the mobile operator and set a minimum price of KGS152.5mn ($2.48mn) for it, but it had repeatedly failed to attract bids.
Kyrgyz Mobile Company was established by the government in 2011 and owns local GSM and 3G licences.
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