Home > Kyrgyzstan > Kyrgyzstan Renounces to Privatise Alfa Telecom

Kyrgyzstan Renounces to Privatise Alfa Telecom

Saturday 10 November 2018

BISHKEK (IntelliNews) — The Kyrgyz government has decided to not incorporate state-owned mobile operator Alfa Telecom in its submitted draft privatisation programme for 2018-2020.

Alfa Telecom has the position of the quasi-monopoly on the Kyrgyzstan’s telecommunications market, covering 98% of the country’s mobile communications with 3 mln subscribers.

Alfa Telecom CJSC was established in 2009 by Alexey Eliseyev, an associate of Maksim Bakiyev, son of the then Kyrgyz President Kurmanbek Bakiyev, whose regime was toppled in a revolution in 2010. The company was nationalised in the wake of the upheaval but the government has been seeking to re-privatise the company ever since. After a series of failures in the past seven years, it appears the government has finally surrendered on the idea.

The move confirms earlier comments by Renat Tuleberdiev, chairman of the State Property Management Fund of Kyrgyzstan, suggesting that the authorities had finally decided that the company would remain under the fund’s ownership.

In it latest attempt to sell off the mobile operator, last year, a Russian citizen, Yelena Nagornaya, who had no connection to the telecommunications sector, was the sole applicant for buying out the 100% government stake in the company.

Any message or comments?

pre-moderation

This forum is moderated before publication: your contribution will only appear after being validated by an administrator.

Who are you?
Your post

To create paragraphs, just leave blank lines.