Mobile Operator Mobiuz Sold to US Consortium for $351M
Business
One of the most high-profile and tech-driven privatization deals in Uzbekistan has been finalized. Mobile operator Mobiuz (Universal Mobile Systems LLC) is transitioning fully into private ownership. More than 15 international players ranging from the US to Japan competed for the right to acquire the 100% state-owned stake. A consortium of institutional investors from the United States emerged as the winner of this prestigious tender. The multi-million-dollar transaction not only establishes a new benchmark for the domestic telecom market but also guarantees a massive digital overhaul of networks across the republic.
The State Assets Management Agency of Uzbekistan (AUGA) has announced the completion of the open international bidding process for the privatization of the 100% state share in the charter capital of Mobiuz. The company’s new owner is a consortium of financial investors led by the American firm McKim and Company, featuring JVR Enterprises LLC (USA) as the industrial technology partner. The transaction value is established at $351 million. Furthermore, the new owners have committed to injecting up to $500 million into the development and modernization of the telecommunications network infrastructure.
The process was coordinated by top-tier consultants: Rothschild & Co acted as the strategic advisor, KPMG as the financial advisor, and Deloitte as the independent appraiser. The tender drew 15 international bidders, and the final valuation outperformed baseline expectations, yielding a highly competitive EV/EBITDA market multiplier of 7.4x. To officially close the transaction, the parties are finalizing standard corporate and regulatory regulatory clearances.
The process was coordinated by top-tier consultants: Rothschild & Co acted as the strategic advisor, KPMG as the financial advisor, and Deloitte as the independent appraiser. The tender drew 15 international bidders, and the final valuation outperformed baseline expectations, yielding a highly competitive EV/EBITDA market multiplier of 7.4x. To officially close the transaction, the parties are finalizing standard corporate and regulatory regulatory clearances.
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