Sistema may sell MTT (Russia)The Russian industrial conglomerate AFK Sistema is reportedly considering the sale of its 50% stake in long-distance operator Multiregional TransitTelecom (MTT), clearing the way for a takeover by local telecoms firm Synterra.
The owner of the remaining 50% stake, Danish businessman Jeffrey Galmond, has already indicated that he is willing to sell. Sistema’s 50% interest is thought to be worth around $400 million. MTT claims a 6.8% share of the Russian domestic and international long-distance market, with revenues of over $1 billion in 2007.
