Six Bid For Stake In Kyrgyztelecom

August 2008 | Privatisation News Alert

The privatisation of Kyrgztelecom has attracted the interest of six parties. The Kyrgyzstan government announced that it would sell its 78% stake in the country's fixed-line telecom in July for a minimum of US$45mn. Turk Telecom announced on August 28 that it has placed a bid, while other potential bidders include Germany's Axos Capital, Russia's Rostelekom, and a number of local-foreign partnership bids such as Kyrgyz Elcat Investment and Kazakhtelecom, a group of Kyrgyzstan companies and a consortium of Kazakh, Kyrgyz and Cypriot firms. The government is yet to say when it will announce the interim and final results of

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