03 June 2004 06:03
Golden Telecom acquires 54% of Uzbek Buzton
MOSCOW. June 3 (Interfax) - Golden Telecom holding has acquired 54% of the stock of Buzton, the leading alternative
communications operator in Uzbekistan, for $2.8 million, says a press release from the holding.
Buzton is the only alternative operator of stationary communications networks in Uzbekistan. The company is licensed
to provide international and local communications, communications between cities, and data transfer services. It has
approximately 10,000 subscriber numbers and 22 access points in Tashkent, and ten other regions of Uzbekistan.
According to the company's accounts, which have not been audited, Buzton made a profit of approximately $3.9
million in 2003.
According to the company's own evaluations, its share of the corporate and embassy communications market in
Uzbekistan is 60%. Its main rival on the market is Uzbektelecom, a local communications operator.
Uzbektelecom owns 43.52% of Buzton's stock, and private investors own the remaining portion. [RU UZ EUROPE EMRG
ASIA MRG TEL] aa tl <>
[Interfax] |
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