Mobiuz put up for sale: State share expected to gain value through competition

One of Uzbekistan’s major telecom operators — Mobiuz (Universal Mobile Systems) — is being prepared for privatization. On June 9, 2025, the State Assets Management Agency officially announced the sale of 100% of the state’s share in the company. This move is regarded as another key step in the country’s economic reforms.

To ensure that the process is organized transparently and efficiently according to international standards, several globally renowned firms have been involved. International investment bank Rothschild & Co will act as the lead strategic and financial advisor. Global consulting firm KPMG will assist in financial matters. Meanwhile, Deloitte has been appointed to conduct financial, tax, and legal due diligence and provide an independent valuation.

The privatization process will be carried out through open and transparent competition. Both local and international investors will have the opportunity to participate. This is expected to increase competition and play a crucial role in determining the company’s true market value.

As known, Mobiuz is one of the key players in Uzbekistan’s mobile telecommunications market, distinguished by its wide network and large number of active subscribers. Its transition to the private sector is expected to further intensify competition and improve service quality.

It should be noted that this is the next phase of Uzbekistan’s large-scale privatization program. The goals include liberalizing the economy, improving the investment climate, and developing the private sector.

Mobiuz is already under close market attention — how will it evolve under new ownership? How much will competition drive up the value of this share? Answers to these questions are expected in the near future.