Tags:TeliaSonera

Nordic cellular operator TeliaSonera will inject up to $160 million next year in developing its new Uzbek unit Coscom, Prime-Tass news agency quoted Coscom''s Chief Executive Bora Baisal agency as saying Thursday.

TeliaSonera took control of Coscom in July through its $300-million acquisition of U.S.-based MCT Corp., which also held stakes in other mobile operators in Tajikistan and Afghanistan.

TeliaSonera operates in the former Soviet Union countries through Fintur Holdings BV, a joint venture with Turkish telecommunications company Turkcell.

CEO Baisal said Fintur would consider attracting a local shareholder in Uzbekistan to help Coscom develop its business.

Coscom has around 410,000 subscribers; its competitors include Russian pair OAO Vimpel Communications and OAO Mobile TeleSystems.

Mobile penetration is almost 17% in Uzbekistan, a country of 26 million people, Prime-Tass said.


Source: cellular-news