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Kyrgyzstan Review, 10 years ago

[24.03.23] 51% of Kyrgyztelecom Stock to Be on Tender on June 15

51% of the stock in Kyrgyztelecom, the national telecom operator, will be put on tender on June 15, sources in the Kyrgyz State Property Committee told Interfax.
Initially it was planned to sell the shares in the second half of 2002 or the first half of 2003. The consortium of Central Asian Industrial LLC and the U.S.-based Deloitte & Touche is the financial adviser in the privatization of the Kyrgyz national telecom operator.
The average price for one Kyrgyztelecom share reached 6.3-6.5 soms in February-early March 2003, the trade department of the Kyrgyz Stock Exchange told Interfax. It was 5.6-5.7 soms on March 24. The trading of Kyrgyztelecom shares amounted at 110,000 soms in February
At present, the government owns 77.84% of Kyrgyztelecom stock. The Social Fund of Kyrgyzstan has a 12.51% interest in the company, the rest 9.65%. are owned by legal entities and individuals.

Interfax, March 24, 2003

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