Gazprom-Media has become the sole owner of the advertising operator Kvant.
Kommersant reports that this follows the acquisition of the 49% share in the company it did not already own from Maxima Telekom.
It adds that Kvant sells advertising inventory on WiFi networks in public transport operated by Maxima Telekom, as well mobile advertising on Gazprom-Media’s internet sites.
It was established as a joint venture in 2019, with Gazprom-Media paying R1.67 billion (€18.6 million) for its share.
No financial details of the latest transaction have been disclosed.
