Veon Group plans to sell its subsidiary, the mobile operator Takom, working under the Beeline Tajikistan brand. Veon concluded an agreement on the sale of the Virgin Islands-based company Vimpelcom AG owning a 98 percent stake in Beeline Tajikistan, a spokesman for the company confirmed. The company Zet Mobile Limited, which already owns a 2 percent stake in Beeline Tajikistan, will acquire the rest of the shares.
The deal still needs regulatory approval; no financial details were disclosed. According to analysts from AC&M-Consulting, Takom's over 1 million subscribers at the end of 2017 gave it a 15-16 percent share of the Tajikistan mobile market.
Representatives of Takom earlier announced that taxes imposed on mobile operators became abnormally high in Tajikistan, after the government tried to cover the budget deficit by increasing levies on the largest taxpayers.
Since 2014, the Veon Group has sold its subsidiaries in Canada, Laos, Zimbabwe, Burundi and the Central African Republic.
