Russia’s antitrust regulator has cleared mobile operator MegaFon’s application to acquire regional player Volograd GSM.
The Federal Antimonopoly Service (FAS) said it has granted MegaFon’s request to acquire 100% of the voting shares of the…
Russia’s antitrust regulator has cleared mobile operator MegaFon’s application to acquire regional player Volograd GSM.
The Federal Antimonopoly Service (FAS) said it has granted MegaFon’s request to acquire 100% of the voting shares of the smaller company.
MegaFon has declined to comment on the matter.
State-controlled Rostelecom paid Rbs2.32bn (US$80.5m) in September 2011 to acquire the 50% stake in Volograd it did not already own.
Operating in the Volograd region, the company provide telecoms and internet services under the Rostelecom brand name.
