Baku, Azerbaijan, April 9
By Ali Mustafayev – Trend:
The Veon Group, whose Russian subsidiary VimpelCom operates under the Beeline brand, has agreed to sell its Tajik cellular operator Takom (Beeline trademark), Tajik media outlets reported.
The buyer is the Zet Mobile company, associated with an unnamed Tajik businessman. The amount of the transaction is not revealed.
Russian Vimpelcom acquired 60 percent of shares of Tacom worth $12 million in 2005. Subsequently, the share of the Russian company was increased to 98 percent.
The last time Vimpelcom disclosed the performance indicators of "Tacom" in 2015. At that time, the company's revenue amounted to $118 million, EBITDA (Earnings before interest, tax, depreciation and amortization) - $75 million, EBITDA margin - 63 percent.
The company had 1.2 million subscribers, being the fourth largest cellular operator in Tajikistan. The leader of the market is the Babylon mobile operator (4.6 million subscribers as of the end of 2015), followed by Tcell (2.7 million) and local subsidiary of Megafon (1.9 million).