Megafon, a major Russian mobile operator, is considering purchasing St. Petersburg Internet provider Web Plus, Russian business daily Kommersant reports.
The deal price has yet to be disclosed, but, according to experts, the price will be “symbolic”, since Web Plus is a loss-making firm with $4 million debt, the newspaper said. The seller is Telecominvest.
A few years ago, Web Plus was the largest broadband Internet access provider in St. Petersburg. However, since 2007 the company’s market shares has fallen ten times – to 1.5%, and its revenues has decreased twice.
These days, the company services about 20,000 recipients, most of who are connected to outdated ADSL technology.
