Consolidation in the Moscow broadband market is gathering pace.
Local reports indicate that NetbyNet, the city’s fourth largest ISP, has acquired Internet Interwave for in the region of $10 million (€6.7m).
Internet Interwave, which was previously a take-over target for Corbina Telecom, which operates an IPTV service, has around 10,000 subscribers.
NetbyNet, which lists Gazprombank as a 35% shareholder, has in the region of 180,000 subscribers and had a turnover of around $40 million last year.
