China to issue US$550m to Uzbekistan to develop Uzmobile
25/12/2014 17:25
China to issue US$550m to Uzbekistan to develop Uzmobile
25/12/2014 17:25
Tashkent, Uzbekistan (UzDaily.com) -- China Development Bank will issued loans for US$550 million to Uzbekistan to develop national GSM-operator Uzmobile.
The project was included to investment programme of Uzbekistan. China Development Bank will finance the project on development of Uzmobile.
President of Uzbekistan Islam Karimov signed a resolution “On measures on organization of activity of national operator of mobile communication” on 12 February 2014.
Uzbekistan creates national operator of mobile communication on the base of Uzmobile, a branch of the joint stock company “Uzbektelecom”. The operator will provide services on GSM standard, while continue to develop CDMA-450 network, which it created in 2004.
The operator will install 3,900 base stations and 4,000 sets of radio relay equipment with total number capacity of 8 million numbers.
In November2014, Huawei Technologies signed a contract with Uzbektelecom on supply telecommunication equipment for US$117.6 million within the first stage of the project (installation of 1,020 base stations with the capacity of 2 million numbers).
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