Uzbek authorities offer to purchase assets of bankrupt MTS subsidiary

Russian mobile giant Mobile TeleSystems (MTS) has announced that, following two failed attempts to sell the assets of its bankrupt subsidiary MTS Uzbekistan, Uzbek authorities have offered to purchase the assets from the company’s creditors. In the wake of the forced closure of MTS Uzbekistan in mid-2012, the cellco declared itself bankrupt in January 2013 and in April that year the company’s creditors launched a tender to dispose of the assets of the stricken provider. According to a statement from MTS: ‘The liquidation administrator has now proposed that the creditors of Uzdunrobita [the previous name for the MTS subsidiary] purchase these assets

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Uzbek authorities offer to purchase assets of bankrupt MTS subsidiary


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