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MTS exits Uzbekistan, sells UMS stake to state
2016-08-08 08:46:00| Telecompaper Headlines
(Telecompaper) Russian mobile operator MTS is exiting the Uzbekistan market and has sold its 50.01 percent stake in the mobile operator Universal Mobile Systems (UMS) to the government. The State Unitary Enterprise Centre of Radio Communication, Radio Broadcasting and Television of the Ministry of Development of ICT acquired the shares for an undisclosed sum. The state already held the other 50 percent of UMS. MTS said the dale is "due to a variety of business reasons and other circumstances", but did not provide further details. The company expects to record a write-off of the related assets of RUB 3 billion in Q3.
Tags: state
uzbekistan
sells
stake
MTS quits Uzbekistan
2016-08-08 02:00:00| Total Telecom industry news
Russia-based telco sells 50% stake in UMS back to government.
Tags: uzbekistan
mts
quits
mts uzbekistan
MTS to exit Uzbekistan, sell assets to state - report
2016-08-05 16:02:00| Telecompaper Headlines
(Telecompaper) Russian mobile operator MTS plans to sell its stake in the Uzbekistan mobile operator UMS, a joint venture with the Uzbekistan government. The Russian operator will sell its 50.01 percent stake in UMS for a "symbolic price", claims Interfax citing a source in the Uzbekistan State Communications Committee.
Tags: state
report
sell
assets
Forced labour linked to Indorama loan in Uzbekistan
2016-07-01 17:12:00| Daily apparel & textile news and comment - from just-style.com
A complaint has been filed against the World Bank's private lending arm calling for an investigation into forced labour connected to a $40m loan to Indorama Kokand Textile, which operates a cotton processing facility in Uzbekistan.
Tags: linked
loan
forced
labour
Ingeteam to Supply Equipment for the High-Speed Train in Uzbekistan
2016-05-31 16:51:00| Railway Technology
Ingeteam has signed a contract with Talgo for the supply of equipment for four high-speed tractor units for Uzbekistan, thereby helping to extend the country's fleet of electric traction vehicles.
Tags: equipment
supply
train
uzbekistan
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