Mobile & Telecom

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.

Euroset promises to pay dividends after IPO

Euroset Holding NV, parent company of Euroset Group, has promised to pay dividends in 2012 that range from 45% to 75% of the consolidated net income of the preceding fiscal year, as stated in the preliminary prospectus for the IPO of Euroset Holding.

Samara region launches $21 million telecom services development plan

A total of $21.2m is to be spent on development of telecommunications services in the villages in Samara region, regional officials report. The project is reportedly expected to be financed under private-public partnership, with half of the funding to be allocated from the regional budget, and another half to be invested by the region’s telecom …

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Rostelecom to invest in Karelia and Tomsk regions in 2011

Rostelecom, Russia’s national telecommunications operator, intends to invest $15.3 million in the development of telecommunications networks in Tomsk region in 2011, up 34.4% from 2010, news agency RIA Novosti reports.

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VimpelCom CEO Alexander Izosimov announced last we Best Way To Get Ex Boyfriend Back ek that operations in Vietnam would resume in the forthcoming months. VimpelCom, a leading Russian mobile operator, agreed in 2008 to create a joint venture with Vietnamese state corporation Global Telecommunications Corporation (GTel) and its subsidiary GTel TSC.

Rostelecom completes large scale reorganization and merger process

Moscow, Russia – Rostelecom (RTS, MICEX: RTKM, RTKMP; OTCQX: ROSYY), Russia’s national telecommunications operator, today announces that OJSC CentreTelecom, OJSC SibirTelecom, OJSC Dalsvyaz, OJSC Uralsvyazinform, OJSC VolgaTelecom, OJSC North-West Telecom, OJSC Southern Telecommunications Company and OJSC Dagsvyazinform (“the merged companies”) have today been excluded from the Unified State Register of Legal Entities following their merger …

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VimpelCom 3G network still in search of a business model

VimpelCom, one of Russia’s leading mobile operators, announced this week in ComNews.ru, a specialized Russian telecom media resource, that it had 9,000 base stations in its 3G network as of late 2010, with 3,000 of them deployed in Q4 2010. But the heavy investments required by 3G deployment partly explains VimpelCom’s negative free cash flow …

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Neocorp files suit against Tele2 in Swedish arbitration court

Neocorp Inc., a holder of telecom assets in CIS countries, filed suit against Swedish Tele2 last week in the arbitration court of the Stockholm Chamber of Commerce. Neocorp is demanding Tele2 to satisfy contract obligations for the acquisition of Orvell, a company valued at $38 million, which owns 100% of Construction and Installation Mobile Administration …

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Tele2 to raise $1.06 billion in Russian bonds

Sweden based Tele2 Russia Holding AB has announced that its subsidiary St. Petersburg Telecom will issue 7 decade bonds totaling 30 billion rubles, or  $1.06 billion at the current exchange, reports Interfax.

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