Megafon and Ucell formed a joint venture.

Megafon, a mobile phone operator and telecom operator, and Ucell, a mobile network brand in Uzbekistan, formed a joint venture. Financial terms were not disclosed. “In terms of the consumption of digital services, Uzbekistan is one of the most promising markets in the CIS, which over the past ten years has shown more than threefold growth in cellular subscribers, but at the same time it is still far from saturation.” Gevork Vermishyan, MegaFon CEO.