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:
Russian science  Art Criticism  Russian economy  Nutcracker  Russian sports  Russian opposition  Sheremetyevo Airport  Russian Film Distribution  Archeological Finds  Pavement  Kirov Region  Saint Petersburg  Exhibitions in Moscow  Winzavod  universities ranking  Russian scientists  Russian business  skiing in Russia  international cooperation  Mercedes-Benz Fashion Week Russia  Nude  poverty  Milk Holiday  Mikhail Zadornov  Russian laws  book hotels in Russia  Russian Nature  Nikolay Dostal  Russian tourism  St. Petersburg  Moscow Panorama  Aushtau  Pushkin Museum of Fine Arts  medicine  Russian visa  Death Museums  airport transfer in Russia  East Meets West Gallery  hooliganism  BP  Russian Railways  Russia-UK  Moscow  Moscow events  Russian Cinema  Boris Nemtsov  the Kamchatka region  Vasily Rozhdestvensky  Tattoo  CTC Media 


Travel Blogs
Top Traveling Sites