Megafon, a leading Russian mobile operator, has acquired Felebior Holdings Ltd, the company which owns VAS Media, a Moscow-based mobile content publisher and provider of payment and geolocation solutions.
The terms of the deal have not been disclosed. The asset will be integrated with Megalabs, an existing subsidiary of Megafon that develops, in particular, mobile payment solutions.
Megafon has ambitions to become a ‘universal telecom operator’. Among its acquisitions in the past two years have been several regional ISPs and broadband operators, and Synterra , a company with a large terrestrial and satellite telecommunications infrastructure. Megafon is also a pioneer in the ongoing LTE deployment across the country.
Source: RIA Novosti / Digit.ru
