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News about telecom: events, facts and developments on tafs uz.

8 stories

Economy

Jio Platforms goes public: India's biggest-ever IPO may spell the end of cheap mobile internet

Jio Platforms, India's largest telecom operator, backed by Meta and Google, is holding a $3.2 billion IPO on 28 October — the largest in the country's history. Analysts link the listing to a possible abandonment of ultra-cheap tariffs, on which India's digital economy was built. Jio Platforms, India's largest telecom operator backed by Meta and Google, is holding a $3.2 billion IPO on October 28 — the biggest in the country's history. Analysts link the listing to a possible abandonment of ultra-cheap tariffs, on which India's digital economy has grown.

Otabek Yusupov
4 min read
Economy

Oybek Tursunov buys Perfectum's head office and other operator assets for nearly 100 billion soums

The shareholders of Rubicon Wireless Communication JSC (Perfectum brand) on October 16 unanimously approved the sale to entrepreneur Oybek Tursunov of real estate in central Tashkent and 2,012 fixed assets with a total value of 98.37 billion soums including VAT. The deal was approved three days before the VEON group announced the purchase of 100% of the operator's shares.

Otabek Yusupov
3 min read
Technology

Uztelecom reports 90% completion of network modernization

According to Uztelecom, about 90% of the network modernization program has been completed: 1,931 facilities were upgraded over the year, more than 280 new base stations were launched, and broadband network capacity was expanded by more than 763,000 subscriber ports. Since the beginning of 2026, 4G traffic has grown by 32%, and 5G traffic has doubled. The program is part of two major initiatives for 2022–2026 and 2025–2030 and is linked to the

Sevara Azamova
2 min read
Economy

Mukesh Ambani's Jio IPO worth $3.2 billion fully subscribed within two hours

Jio Platforms' IPO worth 302.13 billion rupees ($3.2 billion) — the largest in India's history — was fully subscribed within two hours of opening on Wednesday, October 21. According to Moneycontrol, bids totaled 227.1 million shares against 197.5 million offered. The price band is 1,065–1,119 rupees per share, valuing the company at up to $108 billion. Subscription closes on Friday, trading begins October 28.

Sevara Azamova
1 min read
Economy

VEON agrees to acquire 100% of Uzbek operator Perfectum for $207 million

International holding VEON, which owns Beeline Uzbekistan, has signed an agreement to acquire 100% of Rubicon Wireless (Perfectum brand) for approximately $207 million, including about $93 million of debt. The deal includes 115 MHz of spectrum and a 5G Standalone network built on Nokia equipment. Closing is expected by the end of October 2026.

Dilnoza Rahimova
3 min read
Technology

Ericsson Shows Interest in Developing 5G Networks in Uzbekistan

Representatives of Uzbekistan's Ministry of Investments, Industry and Trade and the Ministry of Digital Technologies held an online meeting with Ericsson's leadership. The company called Uzbekistan a strategically important market and outlined possible areas of cooperation: 5G networks, radio systems, and upgrading telecom infrastructure. A visit by an Ericsson delegation to the country is planned by the end of 2026.

Sardor Qodirov
1 min read