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ER-Telecom to acquire Yaroslavl cable network

Dom.ru TV ER-TelecomRussian service provider ER-Telecom, which operates under the Dom.ru brand, is to acquire Yaroslavlteleset, a leading cable operator in the Yaroslavl region in western central Russia, according to local press.

According to the trade new site ComNews, ER-Telecom is to pay RUB305.5 (€4.4 million) for Yaroslavlteleset, with the deal expected to close imminently.

Yaroslavlteleset is currently owned by the Yaroslavl city authorities. Local politicians have been critical of the sale, according to ComNews, with Yaroslavl Oblast deputy Sergey Balabaev claiming that the asset was undervalued in the sale.

The deal is expected to make ER-Telecom, which already operates in the city, with an 18% share of the broadband market and a 12% share in pay TV, the leading cable operator in Yaroslavl, which has a total population of about 600,000.