Announced
Completed
Financials
Tags
mobile communications
Mobile
Merger
Majority
Friendly
Russian Federation
Acquisition
Single Bidder
Private
Completed
Synopsis
Rostelecom, Russia's long-distance telephony provider, completed the acquisition of a stake in Tele2 Russia, a Russian telecommunications company. Financial terms were not disclosed. "The acquisition of the remaining 55% stake in Tele2 Russia provides us with full control of the most successful and rapidly growing mobile player in Russia. The deal transforms Rostelecom into the largest integrated digital service provider in the country. We are consolidating 100% of Tele2 Russia, predominately on a non-cash basis, at a fair fundamental price and attractive multiple for this type of asset," Mikhail Oseevskiy, Rostelecom President.
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