VEON to Acquire 100% of Uzbekistan Operator Perfectum for $207 Million

The total transaction value is approximately $207 million, which includes the assumption of Perfectum's financial debt of approximately $93 million. The holding will finance the cash portion of the acquisition from its own funds. According to VEON, regulatory approvals have already been obtained, and the completion of the purchase is scheduled before the end of October 2026.

The holding will take control of Perfectum's frequency resources totaling 115 MHz in the 850 and 3800 MHz bands, network equipment, and infrastructure, including a deployed 5G Standalone network based on Nokia solutions. As a result of the deal, Beeline Uzbekistan's total spectrum portfolio will increase by approximately 50%.

The acquired capacity is planned to be used to expand the capacity and coverage of the existing 4G/LTE network, develop 5G services, and expand fixed wireless broadband internet access for the public and businesses. In addition, the holding expects to reduce future capital and operational expenditures through infrastructure integration.