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AKIPRESS.COM - The OJSC Mobile TeleSystems (MTS) will launch its mobile communication network into commercial use in Uzbekistan by 1 December 2014, UzDaily reported.
The Government of Uzbekistan has approved the return of MTS to mobile communication market of the country with signing of a settlement agreement with the company on July 31.
The document supposes establishment of a joint venture with MTS holding a 50.01% in the charter capital of the operator while the remaining 49.99% will belong to a state-owned unitary enterprise established and managed by the State Committee on Communications, Development of Information Systems and Telecommunications of Uzbekistan.
A joint venture Universal Mobile Systems (UMS) is to be established by 15 August 2014. New operator should be registered by 25 September 2014.