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MTS expands Russian presence

August 28, 2012 07.14 Europe/London By Chris Dziadul

The Russian telco MTS has established a presence in the country’s Mari El Republic by acquiring Intercom for R90 million (€2.26 million).

Intercom, which accounts for 99% of the cable TV and 67% of the broadband internet markets in the Volga region, is based in Volzhsk, the second largest city in Mari El.

Debt free, it employs Fibre-to-the Building (FTTB) technology.

Commenting on the acquisition, Andrei Revkov, MTS director in the Volga, said that it was a logical step in the development of the company’s fixed services in the region.

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Filed Under: Central & East Europe, Newsline Tagged With: MTS, Russia Edited: August 28, 2012 07:14

About Chris Dziadul

Chris is our Central & East Europe Editor. You can talk to Chris on Twitter @chrisdziadul or by email at cdziadul@broadbandtvnews.com

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