Welcome!

Welcome to Satlover forums, full of great people, ideas and excitement.

Please register if you would like to take part. link..

Register Now

Alert: Don't Use Hotmail Email Accounts for registration

Collapse

Before Access to all Forums and Trial accounts you must need to activate your account Email address

MTS to merge with Comstar

Collapse
X
 
  • Time
  • Show
Clear All
new posts
  • thecybers
    Senior Member
    • Jun 2010
    • 186

    MTS to merge with Comstar

    MTS to merge with Comstar
    By Chris Dziadul
    Published: June 25, 2010 10.39 Europe/London

    The boards of Russia’s MTS and Comstar have given the go ahead to the merger of the two companies. As a result, Comstar, which is already 61.97% owned by MTS (64.03% excluding treasury shares) will be subsumed into the latter and cease to exist as a separate legal entity.

    Separately, Comstar (Comstar-UTS) has approved agreements signed with Rostelecom regarding the sale of its stake in Svyazinvest. Under them, Rostelecom will buy 17.31% of Svyazinvest for R18 billion (€470.2 million).

    Comstar-UTS is a leading provider of pay-TV services in Russia, claiming 2 million subscribers at the end of the first quarter.
    sigpic

    FOR THANK USE BUTTON
Working...