Kyrgyzstan's government says it has no plans to sell mobile operator Megacom to private investors.

The state-owned operator had been subject to reports that it was up for sale this year, potentially to international investors.

However, it has since emerged that this is not the case according to local publication Tazabek, which notes the company's CEO Nurlan Mamytov has ruled out privatization of the telco.

Last year, another local news outlet 24.kg reported that the State Property Management Fund was mulling over the sale of the operator with the fund's head Mirlan Bakirov notifying deputies of its plans during Parliament.

State-owned Megacom is reportedly worth KGS14.015 billion ($166 million), although it was estimated to be worth KGS19 billion ($233m) back in 2019.

In August of 2021, the company was subject to a potential bid from the National Bank of Kyrgyzstan plus other unnamed buyers, although nothing came of the interest.

Megacom serves over three million mobile subscribers in Kyrgyzstan, according to Unifun, with its 2G, 3G, and 4G services covering 99 percent of the population.