Russia’s Comstar UTS has acquired an 87.5% stake in the alternative telco Regional Technical Centre (RTC) for $21 million (€14.4 million) in cash. RTC is based in the Khanty-Mansi Autonomous Area, where Sistema-backed Comstar UTS already has a presence through Tyumenneftegassvyaz, the region’s second largest alternative carrier. The acquisition will result in Comstar UTS’s market share in Khanty-Mansi, which has a telco market estimated to be worth $255 million this year, rising to 33%.
