Uzbektelecom

Stock performance

History

Uzbektelecom was established as Uzbekistan's state telecommunications company shortly after independence and has remained the dominant fixed-line and, through subsidiaries, mobile operator in the country, playing a central role in Uzbekistan's telecommunications infrastructure development through the country's post-Soviet transition.

Business model

Uzbektelecom provides fixed-line, mobile, and broadband internet services across Uzbekistan, operating as the country's dominant state-owned telecommunications provider even as Uzbekistan has gradually introduced greater market competition since 2016.

Market position

Uzbektelecom is the dominant telecommunications operator in Uzbekistan, holding the most extensive existing network infrastructure in the country, though competition has gradually increased as Uzbekistan has opened its telecom sector to greater private and foreign investment.

Country impact

Uzbektelecom is one of the largest companies in Uzbekistan and critical national digital infrastructure, with its development closely tied to the broader Uzbek government reform agenda aimed at modernizing the country's economy and infrastructure since 2016.