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VEON to acquire Perfectum for $207M

PUBLIC · VEONOct 19, 2026

Acquiring Company

Veon

Acquired Company

Rubicon Wireless

AmsterdamTashkentTelecommunicationsMobile

Description

VEON Ltd. announced on October 19, 2026, that it agreed to acquire 100% of Rubicon Wireless, the Uzbek mobile operator known as Perfectum, for approximately $207 million including about $93 million of assumed debt. The cash portion will be funded from existing resources, and regulatory approvals were reportedly already obtained. Closing is targeted for the end of October 2026, and Perfectum's assets will be integrated into Beeline Uzbekistan.

Company Information

Company

Veon

Location

شارع المركز المالي

Amsterdam, New York, United States

About

Veon is a global digital operator providing telecommunications and digital services. The company seeks to enhance its presence in emerging markets, focusing on innovative digital infrastructure and services. With a commitment to investment in various sectors, Veon aims to support economic growth and digital transformation. It operates several telecommunications subsidiaries worldwide, including Banglalink in Bangladesh.

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Frequently asked

Who acquired Rubicon Wireless?

Rubicon Wireless was acquired by Veon, based in Amsterdam. The deal was reported on October 19, 2026. Veon is a global digital operator providing telecommunications and digital services. The company seeks to enhance its presence in emerging markets, focusing on innovative digital infrastructure and services. Veon is publicly traded (VEON) and operates in Telecommunications.

When did Veon acquire Rubicon Wireless?

Veon's acquisition of Rubicon Wireless was reported on October 19, 2026. VEON Ltd. announced on October 19, 2026, that it agreed to acquire 100% of Rubicon Wireless, the Uzbek mobile operator known as Perfectum, for approximately $207 million including about $93 million of assumed debt. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Rubicon Wireless do?

Rubicon Wireless is the legal entity behind the Perfectum brand, a mobile network operator in Uzbekistan. It holds its own spectrum and network infrastructure, including a standalone 5G network. The company operates independently of VEON's Beeline franchise. It is privately held, operating in Mobile, and is based in Tashkent.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.