VEON agrees to buy Uzbekistan's Perfectum for about $207 million
+2 new sources since this summary was written
VEON agreed on Oct. 19 to purchase all of Rubicon Wireless, the Uzbek operator using the Perfectum brand, for about $207 million. The consideration includes approximately $93 million of debt, while the cash portion will come from VEON's existing resources. The assets would be integrated into Beeline Uzbekistan, and closing is targeted for the end of October after regulatory approvals.
Why it matters
The acquisition would give Beeline Uzbekistan additional spectrum, infrastructure and a standalone 5G network, changing its network asset base when completed. VEON expects the integration to produce capital and operating expenditure synergies, while the company says it should improve coverage and capacity.
Key facts
- 1VEON is acquiring 100% of Rubicon Wireless, which operates as Perfectum, for approximately $207 million including approximately $93 million of outstanding financial debt. investing.com
- 2Perfectum contributes 115 MHz of spectrum in the 850 MHz and 3,800 MHz bands, along with network infrastructure and a standalone 5G network using Nokia equipment. investing.com
- 3The combination is expected to lift Beeline Uzbekistan's spectrum holdings by approximately 50%. investing.com
- 4VEON plans to fund the cash consideration from its existing cash resources. investing.com
- 5The transaction is expected to close by the end of October. tradingview.com
Open questions
- Material 3's summary describes regulatory approvals as pending, while its body says the relevant approvals were already in place.
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.