Rostelecom takes further stake in Moscow cable operator

Rostelecom-backed Russian cable provider NTC has acquired a 26% stake in Mosteleset, the holding company for Moscow-based cable operator Mostelecom, for RUB1.8 billion (€45 million). The deal values Mosteleset at RUB6.9 billion. The 26% stake acquired by Rostelecom was owned by the city of Moscow. The remaining part of the company is already owned by […]

Rostelecom completes NTC acquisition

Rostelecom has completed its acquisition of a 28.2% stake in Russian cable operator NTC, taking it to 100% ownership of the company. Rostelecom began the consolidation of NTC in February last year by acquiring a 71.8% stake. NTC reportedly turned in revenues of RUB10.8 billion (€280 million) last year, up 14%, while OIBDA was RUB4.4 […]