Add to favorite
 
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Megafon Eyes Skartel/Yota To Secure Grip On 4G/LTE Market
9.08.2013 13:54
Megafon Eyes Skartel/Yota To Secure Grip On 4G/LTE Market
Photo Credit: http://www.sostav.ru

Megafon, Russia’s second biggest mobile phone operator, is ready to buy 100 percent of 4G provider Skartel (operating under the brand Yota) if its shareholders approve the deal at the extraordinary meeting in September, says an official press release on Megafon’s website.

      According to Vedomosti, the company has also obtained permission from the Federal Antimonopoly Service.

      The price of the deal is $1.18 billion, but there’s also debt that needs to be factored in.

      In 2008, Skartel became the first company in Russia to deploy a WiMAX standard network in Moscow and St. Petersburg in the range of 2.5-2.7 GHz. It has now switched to LTE technology.

      Megafon's shares rose 4.9 percent on the news.

       




Author: Mikhail Vesely

Tags: Yota Megafon Russian mobile operators   

Next Previous


You might also find interesting:








Comment on our site


RSS   twitter      submit



TAGS:
Volcanoes of Kamchatka  Russian Cinema  Russian media  Mathilda Kschessinskaya  Exhibitions in Moscow  Roman Abramovich  Taganay National Park  Russian art  New Movies   Jonathan Meese  invest  Sports  Russian business  St. Petersburg  Krasnoyarsk Museums  Newborn  Russian fashion week  Gold Eagle Award  Russian transportation  Window to Europe   Alla Bayanova  Penza  Samara  Izhevsk  education in Russia  Russian sport  Onix Hotel Complex  Krasnodar  Moscow  train tickets Russia FIFA  Russian tourism  Rosa Khutor  E-tickets  Russian technologies  Spassk-Dalniy  Russian science  Great Patriotic War  biking in Russia  Russian economy  Russian scientists  Parliament in Action  Sovetsky Sport  Russian cars  Mercedes-Benz Fashion Week Russia  Birchbark Manuscript  Mariinsky theatre  ROSCOSMOS  Cherny Dol Lake  Tuma  Arkhangelsk region 


Travel Blogs
Top Traveling Sites