VolgaTelecom agrees to buy Teleset in $133.5m (Russia)
www.WirelessFederation.com/news: In a deal worth USD133.5 million, the regional unit of Russian state-controlled telecoms group Svyazinvest, VolgaTelecom has agreed to buy Teleset Networks. Teleset is a fixed line operator in the Republic of Tartarstan in the Volga region.
The offer was conditional upon it being accepted the holders of at least 90% of Teleset’s share capital. Till May 27, VolgaTelecom received acceptances in respect of a total of 154,697,339 ordinary shares, representing 98.19% of equity.
On June 3, 2010, the settlement is expected to be made at which point VolgaTelecom will take unconditional control of Teleset. The offer will remain open for four months for remaining non-transferred shares.
Russian fixed-line market worth USD 13 bln in 2006 – study
Telecompaper writes…The Russian fixed-line communications market is worth USD 13 billion in 2006, according to a preliminary report from iKS-Consulting. The fixed-line market posted growth of 13 percent, compared to a communications industry average of 22 percent. The fixed-line market is dominated by local communications accounting for 35 percent of revenue, followed by trunk communications with 25 percent, connection and dropping of traffic with 22 percent, internet access for 9 percent, data transfer for 4 percent, and other segments for 5 percent.Broadband internet service development was a major trend for 2006. The leading dedicated consumer internet access operators are MTU-Intel (Stream) with 394,000 subscribers; Komkor-TV (Akado) with 120,000; VolgaTelecom with 110,000; Korbina Telecom with 110,000; Tsentrtelecom (Domolink) with 104,000; Uralsvyazinform (Utel) with 99,000; Northwest Telecom (@vangard) with 90,000; Central Telegraph Office (Qwerty) with 75,000; Dalsvyaz (Disly) with 74,000; and UTK (Disel) with 68,000 subscribers.
