World VoIP NewsTeliaSonera ups ownership in UCellTeliaSonera ups ownership in UCell

TeliaSonera ups ownership in UCell


Voip, mobile network, licence, fibre-optic cable network
TeliaSonera has increased its ownership in UCell from 74% to 94% by acquiring 20% of the shares in the jointly owned TeliaSonera Uzbek Telecom Holding from Takilant.
TeliaSonera has increased its ownership in UCell from 74% to 94% by acquiring 20% of the shares in the jointly owned TeliaSonera Uzbek Telecom Holding from Takilant.

TeliaSonera will pay approximately SEK1.55 billion (USD220 million) for the shares. TeliaSonera Uzbek Telecom Holding is a Dutch holding company owning 100% of UCell. ‘This transaction underlines TeliaSonera’s strategy to increase ownership in core holdings. With a young and large population, relatively low mobile penetration and expanding economy, Uzbekistan continues to provide a valuable opportunity for growth. We are committed to continue investing in the future development of the telecommunication infrastructure and services in the country’ said Tero Kivisaari, President of TeliaSonera Eurasia.


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