Owner of Beeline Uzbekistan Approved to Purchase Perfectum with Certain Conditions
The Competition Development Committee prohibited compelling subscribers to use VEON's digital services.
Preliminary approval has been granted for the purchase of 100% of the shares of Rubicon Wireless Communication JSC, which provides mobile services under the Perfectum brand.
The deal is being conducted by VEON UZB Holding Ltd., registered in the UAE. It also owns 100% of the shares in Unitel, operating in Uzbekistan under the Beeline brand.
For no less than three years, Perfectum must retain its independence, and the 5G Standalone network must be developed in other regions of Uzbekistan. For existing subscribers, 5G FWA tariffs cannot be changed for 12 months; the average speed must not be lower than 300 Mbit/s.
Additionally, the conditions prohibit unjustified deterioration of service, using subscriber data to restrict competition, or transferring such data to foreign servers in violation of the law. The parties to the deal are obligated to comply with the "On Competition" law.
