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Price for Megacom overestimated, underbidding by 25-30% needed, says president.

Price for Megacom is overestimated and underbidding by 25-30% is necessary, said President Almazbek Atambayev at his final press conference on Monday.

"Only one buyer was found, the price is overestimated and that buyer did not inspire confidence. I think the price must be brought down by 25-30%. If anybody will offer more, we'll use that money for implementation of the safe city project," he said.

On September 25, 2017, the State Property Management Fund held an auction to sell 100% stake of Megacom. The only application received came from a private individual, Russian citizen Yelena Nagornaya.

On November 15, Kyrgyzstan terminated the talks with Nagornaya over failure to reach mutually acceptable terms and conditions of transaction.

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Publication:AKIpress Central Asian News Service
Date:Nov 20, 2017
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