MTS to buy Tatarstan TV and radio company for $180 million

MTS, a leading Russian mobile operator, intends to purchase Republic of Tatarstan TV and Radio Company TVT (TRC TVT) for $180 million, Kommersant reports. TRC TVT, the largest cable TV operator in Tatarstan, is currently 100% owned by TAIF group. It provides services in 15 municipalities and covers over 650,000 households.

The company also provides digital TV services in ten towns and broadband Internet access serviced in eight cities, as well as telephony in Kazan, Nizhnekamsk and Naberezhnye Chelny.

Topics: Digital TV, Finance, Internet, Internet access, Kazan, M&A, Mobile & Telecom, News, Operators & Networks, Regions & cities, Tatarstan
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