TeliaSonera has signed an agreement to expand its presence in Eurasia
TeliaSonera AB, the leading telecommunications group in the Nordic-Baltic region, has on July 6, 2007, signed an agreement to acquire up to 100 percent of the outstanding shares in MCT Corp. (MCT), a US based company with majority controlling shareholdings in three Eurasian GSM operators in Uzbekistan and Tajikistan and a minority interest in the leading GSM operator in Afghanistan. The closing of the transaction is pending fulfilment of certain conditions and TeliaSonera estimates that these conditions will be met during the third quarter 2007.
The four GSM operators are:
- Uzbek-American Joint Venture “Coscom” LLC (Coscom), the third largest mobile operator in Uzbekistan. MCT has a 99.97 percent interest in Coscom.
- CJSC “Indigo Tajikistan” (Indigo-Tajikistan) and CJSC Joint Venture “Somoncom” (Somoncom), combined the second largest mobile operation in Tajikistan. MCT has 60.0 percent interest in Indigo-Tajikistan and 59.4 percent interest in Somoncom.
- “Telecom Development Company Afghanistan Limited” (Roshan), the largest mobile operator in Afghanistan. MCT has a 12.25 percent interest in Roshan.