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Smart City project investor wants to buy MegaCom

The investor of Smart City project wants to buy MegaCom company. The State Property Management Fund confirmed to 24.kg news agency the information on the receipt of the proposal from Aka Minerals and Mining LLC.

A letter to the Chairman of the State Property Management Fund says that Aka Minerals and Mining is ready to buy one hundred percent of Alfa Telecom’s assets with subsequent investment in the development and modernization of the company. The investor agrees to sign a non-disclosure agreement.

The State Property Management Fund accepted the proposal and is ready to consider it.

Alfa Telecom CJSC was repeatedly auctioned but none of the investors showed any interest in it. The State Property Management Fund directly found a buyer — a Russian Elena Nagornaya. But later on she refused the deal. One hundred percent of the shares of the mobile operator was estimated at 13.5 billion soms.

According to the terms of the project, Aka Minerals and Mining LLC invests in the implementation of Smart City project 15 percent — $ 9 million. Together with Beijing China Veterans Lingxin Capital Management, the company will train specialists in work with equipment and software.

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