Uzbekistan extends TeliaSonera’s operating licence for 15 years

By bne IntelliNews September 7, 2016

Nordic telecommunications group TeliaSonera has been granted a 15-year extension to its operating licence in Uzbekistan, where it operates under the Ucell brand, Gazeta.uz reported on September 6.

The licence extension, till 2031, suggests TeliaSonera might have changed plans to pull out of the country. In September the group said it will exit Eurasia after its operations in the region came under the scrutiny U.S. authorities. TeliaSonera, along with Russian VimpelCom and MTS, is accused of bribing entities connected to Gulnara Karimova, the now disgraced eldest daughter of late Uzbek President Islam Karimov, to win licences to operate in the mobile market, including the 3G and 4G licences. Selling out of Uzbekistan, however, would not be an easy task, TeliaSonera chief executive Johan Dennelind said in October.

TeliaSonera has earlier extended four more licences in Uzbekistan until 2020 and 2021, Gazeta.uz reported citing a company's press office. 

Ucell started operating in the country under the brand of COSCOM in 1996. Currently, the company has over 9mn subscribers in Uzbekistan, providing 2G, 3G and 4G services. The company has attracted investments of up to $1.2bn into the country’s telecommunications infrastructure, the report noted.

Teliasonera owns mobile operators in seven countries across the Central Asian region (Nepal, Kazakhstan, Uzbekistan, Azerbaijan, Georgia, Moldova and Tajikistan), and has over 40mn local subscribers.

Related Articles

EBRD’s planned return to Uzbekistan reveals infighting among ruling elites

The European Bank for Reconstruction and Development (EBRD) will soon announce its plans to return to Uzbekistan after a decade-long absence, Reuters reported on ... more

EBRD says 2016 net profit was around €1bn

The European Bank for Reconstruction and Development (EBRD) said it made a net profit of around €1bn in 2016, up by a quarter from the €802mn it made in ... more

World Bank raises growth forecasts for Kazakhstan and Azerbaijan

The World Bank’s latest “Global Economic Prospects” report issued on January 10 offers a mixed picture when it comes to the GDP growth prospects of countries across Central Asia and the ... more

Register here to continue reading this article and 2 more for free or purchase 12 months full website access including the bne Magazine for just $119/year.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

To continue viewing our content you need to complete the registration process.

Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

If you have any questions please contact us at sales@intellinews.com

Subscribe to bne IntelliNews website and magazine

Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.

Your subscription includes:
  • Full access to the bne content daily news and features on the website
  • Newsletters direct to your mailbox
  • Print and digital subscription to the monthly bne magazine
  • Digital subscription to the weekly bne newspaper

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

bne IntelliNews
$119 per year

All prices are in US dollars net of applicable taxes.

If you have any questions please contact us at sales@intellinews.com

Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.

"No day starts for my team without IntelliNews Pro" — UBS

Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.

Dismiss