The all-cash transaction, slated for completion by the end of this month, includes the assumption of debt. Chief Executive Kaan Terzioglu described the move as a direct investment in the nation’s digital future, signaling a strategic push to deepen the company's influence in the local market.
In section Market Quotes
Veon Expands Uzbekistan Footprint with $207 Million Rubicon Buyout
Veon will acquire Rubicon Wireless for approximately $207 million, a deal designed to cement the telecommunications giant’s presence in Central Asia. By absorbing the mobile network operator, Veon aims to bolster its infrastructure in Uzbekistan, a territory the firm identifies as a primary engine for its long-term regional growth.
Integrating Rubicon’s assets will increase Veon’s spectrum holdings in Uzbekistan by roughly 50%. This expanded capacity is intended to accelerate broadband deployment and improve general network performance. Beyond immediate service upgrades, the company expects the acquisition to streamline future capital expenditures by consolidating network resources under a single operational umbrella.
Comments (0)
No comments yet. Be the first!