VEON to Acquire Uzbekistan Mobile Operator Perfectum for $207 Million

06:48 AM EDT, 10/19/2026 (MT Newswires) -- VEON (VEON) has agreed to acquire mobile operator Perfectum for about $207 million, including $93 million in assumed debt, the company said Monday. The acquisition will add spectrum and network infrastructure to VEON's Beeline Uzbekistan business, increasing its spectrum holdings by about 50%, VEON said. Perfectum holds 115 megahertz of spectrum across the 850 MHz and 3,800 MHz bands and operates a 5G standalone network using Nokia equipment. VEON will fund the cash consideration from existing resources and the deal is expected to close by the end of October, it said.