SUE “Center of radio communication, broadcasting and television” and MTS signed an agreement to acquire shares of MTS in the authorized fund of JV LLC “Universal Mobile Systems” in the amount of 50.01% of the authorized fund. Thus, SUE “CRCBT” became the sole founder of the mobile operator “Universal Mobile Systems”.
As reported on the website of the Ministry for development of information technologies and communications of the Republic of Uzbekistan, MTS made a request to the Uzbek side on the issue of the sale of shares in the JV LLC “Universal Mobile Systems” on a voluntary basis and confirmed the absence of any claims.
The report says that the decision of the founders will not affect the provision of mobile communication services. “Universal Mobile Systems” will continue its activities as an independent operator on the market of mobile communication on the basis of the previously issued licenses and will continue to service subscribers.
JV LLC “Universal Mobile Systems” was established by the Cabinet of Ministers of the Republic of Uzbekistan dated July 31, 2014 “On establishment of the joint venture Universal Mobile Systems for the provision of mobile services”. (Uzreport/Business World Magazine)