MTS to invest $97 million for upgradation of network (Moscow)
If reports are to be believed, Russian telecommunication company MTS is planning to invest approximately $97.4 million to upgrade its network in Moscow.
As per the report citing spokesperson at MTS, Irina Osadchaya, , the company plans to install equipment that supports 4G long-term evolution (LTE) technology and high-speed packet access (HSPA) technology. Presently, the company is also connecting its base stations to the fiber optic network of its affiliated fixed-line operators Comstar United TeleSystems and the Moscow City Telephone Company.
The report further stated that the company expects to be ready to roll out LTE services in Moscow in the first quarter of 2011.
Comstar buys Comstar-Ukraine
Russian fixed-line telecommunications operator OAO Comstar United TeleSystems (CMST.LN) said Monday that it has paid $0.9 million for the remaining 25% minority stake in its Ukrainian subsidiary Comstar-Ukraine from Ukrainian company Neotel.
Comstar will now become the sole owner of Comstar-Ukraine.
Comstar purchased a 24% stake in Comstar-Ukraine, while UTS MGTS, a 100% subsidiary of fixed-line operator Moscow City Telephone Network, or MGTS, acquired the remaining 1% stake.
