The shareholders of Russian cable operator ER-Telecom plan to sell up to 25% of the company, CEO Andrey Semerikov was quoted saying in Telecompaper.
Western investment funds with telecoms experience will reportedly invest in the operator over the next…
The shareholders of Russian cable operator ER-Telecom plan to sell up to 25% of the company, CEO Andrey Semerikov was quoted saying in Telecompaper.
Western investment funds with telecoms experience will reportedly invest in the operator over the next five years, while an IPO would also be considered.
According to the reports, ER-Telecom plans to invest Rbs2bn (E48m) this year to add five cities to its existing 12-city coverage. The CEO reportedly said that the expansion should help the company increase its revenues by 40% to about Rbs6.4bn (E154m).
The company is aiming to have 20% of the broadband and cable market revenue share by 2014. It concentrates on urban areas with over 200,000 inhabitants outside Moscow.
