Turkish telco equipment maker Karel Elektronik (KAREL) has bought 100% of local peer Telesis for $0.5mn in cash, Karel said on December 15 in a stock exchange filing.
Norway’s sovereign wealth fund, Norges Bank Investment Management, had a 0.58% stake in Karel at end-2019.
The European Union on April 5 signed a memorandum of understanding (MoU) with Uzbekistan ... more
London-headquartered brand valuation consultancy Brand Finance has released its latest list of the 20 most valuable domestic brands in Uzbekistan. Leading the pack is Uztelecom, with a brand ... more
Kazakhstan and Uzbekistan’s combined IT exports surpassed $800mn in 2023. The Kazakh IT sector's export revenue jumped from $50mn in 2020 to over $500mn last year. Astana Hub was a major ... more