Sberbank, Russia’s national savings bank, has founded a new subsidiary which will act as an MVNO, Vedomosti reported last week.
Dubbed ‘SB-Telecom,’ the new company will provide telecom services to companies within the Sberbank group as well as to their end customers. The new company has yet to receive a license from state regulator Roskomnadzor.
According to the SPARK company database, SB-Telecom is owned by Sberbank indirectly, via companies Digital Assets and Digital Technologies, with a capital of 100 million rubles (approximately $1.5 million at the current exchange rate).
