TeliaSonera expands Eurasian business

TeliaSonera has signed an agreement to acquire up to 100% of the outstanding shares in MCT, a US-based company with majority controlling shareholdings in three Eurasian GSM operators in Uzbekistan and Tajikistan and a minority interest in the leading GSM operator in Afghanistan, an InvestTrend report said.

The operator however did not disclose financial details of the transaction, the InvestTrend report said.

The closing of the transaction is pending fulfillment of certain conditions and TeliaSonera estimates that these conditions will be met during the third quarter 2007, the report said.

The four GSM operators are Coscom, an Uzbek-American joint venture and the third largest mobile operator in Uzbekistan; CJSC Indigo Tajikstan and joint venture Somoncom; and Telecom Development Company Afghanistan, the largest mobile operator in Afghanistan, the report further said.