Russian service provider Comstar-UTS has struck a deal with telco Rostelecom whereby the former has agreed to sell its 25% stake plus one share in Svyazinvest to fixed-line market leading telco Rostelecom for over RUB26bn (670m).
The deal is part of a complex ongoing series of transactions. Currently, Comstar owns 25% plus one ordinary share in Svyazinvest, the operator of a number of networks in Russia, and 69.93% in Moscow city network operator MGTS. Svyazinvest in turn owns 23.33% of MGTS and 38% of Rostelecom (or 50.67% of voting shares).
The deal between Comstar and Svyazinvest is subject to regulator approval and to the successful conclusion of a barter deal between ComstarÂs parent company Sistema and Svyazinvest, through which the latter will take 100% control of wireless operator Sky Link while Sistema will acquire SvyazinvestÂs stake in MGTS.
ICYMI: Telefónica appeals to start-ups for new TV app experiences digitaltveurope.com/2020/09/18/tel… https://t.co/Sy41o1JBJ4
19 September 2020 @ 17:00:01 UTC
ICYMI: Securing your revenue in the new age of video piracy: DTVE’s Digital Symposium looks at the threat and how t… twitter.com/i/web/status/1…
18 September 2020 @ 21:00:01 UTC
ICYMI: Smaller SVODs risk failure if they don’t partner up says Moody’s analyst digitaltveurope.com/2020/09/18/sma… https://t.co/m06WtotRRE
18 September 2020 @ 20:00:00 UTC