Thursday, 08 December 2016

MTS Uzbekistan files for bankruptcy in wake of licensing battle

By Mary Lennighan, Total Telecom
Wednesday 16 January 13

Mobile operator says it cannot pay remainder of $600 million fine imposed by authorities.

MTS announced on Wednesday that its mobile subsidiary in Uzbekistan has filed for bankruptcy on the grounds that it is unable to pay the fine levied on it by the state following last year's dispute over its operating licence. Uzdunrobita filed a petition for bankruptcy in the Tashkent Commercial Court…

MTS announced on Wednesday that its mobile subsidiary in Uzbekistan has filed for bankruptcy on the grounds that it is unable to pay the fine levied on it by the state following last year's dispute over its operating licence. Uzdunrobita filed a petition for bankruptcy in the Tashkent Commercial Court…

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