A consortium led by McKim and Company was selected in the privatization of the state’s 100% interest in MobiUz. The offer values the operator at US$351 million and includes an intention to invest up to US$500 million, while legal completion remains subject to approvals and procedures.
The State Assets Management Agency selected the offer submitted by a consortium of financial investors led by McKim and Company, with JVR Enterprises LLC acting as the sector-focused technology partner, for the state’s 100% interest in Universal Mobile Systems LLC, operating under the MobiUz brand. The selected offer values MobiUz at US$351 million.
The international process was advised by Rothschild & Co as strategic adviser, KPMG as financial adviser and Deloitte as independent appraiser. The transaction was marketed to more than 100 strategic and financial investors; over 15 investors participated, ten submitted non-binding offers and six proceeded to binding bids after access to financial and legal due-diligence materials.
The selected proposal implies a reported 7.4x EV/EBITDA multiple and includes an intention to invest up to US$500 million in telecommunications infrastructure. The investment figure is a forward-looking commitment associated with the proposal and should be distinguished from the US$351 million valuation of the equity being privatized.
Selection of the offer is not the same as legal closing. Completion remains subject to required regulatory approvals and applicable corporate and legal procedures. For Uzbekistan’s privatization market, the process is nevertheless a useful reference for competitive tension, vendor due diligence, international investor outreach and transparent communication of valuation parameters.
This material is provided for general information only and does not constitute investment, legal or tax advice, or an offer or solicitation in any jurisdiction.