Russian mobile operator MegaFon has acquired Felebior Holdings, the parent company of the Moscow-based VAS Media Group, which it plans to merge with subsidiary MegaLabs.
Announcing the deal today, MegFon did not disclose the value but said VAS Media –…
Russian mobile operator MegaFon has acquired Felebior Holdings, the parent company of the Moscow-based VAS Media Group, which it plans to merge with subsidiary MegaLabs.
Announcing the deal today, MegFon did not disclose the value but said VAS Media – which supplies multi-media content, ring tones and geo-positioning, mobile payment and other related services – posted consolidated EBITDA of Rbs933m (US$29.5m) for the first half of 2012.
MegaFon CEO Ivan Tavrin said the acquisition marks an important step in the company’s plans to develop new value-added services.
“Before the acquisition, the VAS Media Group was already a partner of MegaLabs, one of our wholly-owned subsidiaries, on a variety of projects and we plan to fully-integrate the newly-acquired assets into MegaLabs in the near future.”
MegaFon, currently working toward listing on the London Stock Exchange, is also reportedly planning to buy a 50% stake in Russia’s largest mobile phone retailer Euroset for between US$1.25bn and US$1.35bn.
