VEON Acquires Uzbekistan's Perfectum in $207 Million Strategic Deal

Key Facts

1VEON has agreed to acquire 100% of Rubicon Wireless, which operates under the Perfectum brand in Uzbekistan.

VEON has agreed to acquire 100% of Rubicon Wireless, which operates under the Perfectum brand in Uzbekistan. GlobeNewswire reported that the total consideration for the transaction is approximately $207 million, which includes the assumption of roughly $93 million in Perfectum's outstanding financial debt.

The acquisition is expected to increase Beeline Uzbekistan’s spectrum holdings by approximately 50%, supporting the expansion of 5G and fixed wireless access services. VEON closed at $83.2 on October 16, 2026, having traded between a low of $81.76 and a high of $83.97 during that session.