The proposed acquisition of the Russian cable operator Akado by Rostelecom, first mooted in 2013, could be back on the cards.
Quoting two sources close to negotiations between the parties, Vedomosti reports that talks have been under way for some time but so far failed to reach an agreement.
Akado currently lists Viktor Vekselberg (67%) and Yuri Pripachkin (33%) as its shareholders. Its revenues in 2014 amounted to around $329 million and net profit $1.1 million.
According to TMT Consulting, the operator had over 790,000 broadband internet and over 1,14 million pay-TV subscribers in Moscow, St Petersburg and Yekaterinburg as of Q1 this year.
Its Belarusian subsidiary Cosmos TV meanwhile had 61,000 broadband and 135,000 pay-TV subscribers.
Several companies, including MTS, MegaFon and ER Telecom, were previously reported to be interested in acquiring Akado.
