Rostelecom has acquired a 100% stake in three companies through its subsidiary Bashinformsyaz to secure full control over the Alliance Telecom Group.
Alliance Telecom has been providing internet and TV services in the Primosrky region of Russia since 2007, servicing individual clients and businesses in the cities of Vladivostok, Ussurlysk, Nakhoda and Artyom.
The residential segment accounts for 80% of Alliance Telecom’s revenues and the company is the market leader in Vladivostok and one of the leading providers in the Primorsky region, with a subscriber base of 110,000.
It also provides more than 6,000 B2B clientswith mostly its mon-broadband service.
In 2018, the company’s turnover amounted to over R900 million (€12.34 million).
Rostelecom notes that the deal is line with its strategic priority to develop its digital ecosystem and client services offering.
Commenting on the acquisition, Anna Shumeyko, senior VP of chief of staff of the presidential office of Rostelecom, said: “The acquisition will strengthen Rostelecom’s position in the broadband internet market in the Primorsky region. We are seeing a lot of opportunities to realise the synergy effects from operational cost optimisation as well as from upselling the Alliance Telecom subscriber base with an expanded set of services, currently available to Rostelecom’s clients.”
