Rostelecom has acquired a 26% stake in Mosteleset, the owner of Moscow’s leading cable operator Mostelecom.
According to Kommersant, the fee paid for the stake amounted to R1.8 billion (€45.2 million), making the total value of Mostelecom around R6.9 billion.
Although the sale attracted three bidders, then names of the two unsuccessful ones have not been disclosed.
The remaining 74% of Mosteleset is still owned by NTK, which was itself bought by Rostelecom in two stages, starting in February 2011.
