The Russian state corporation Rostec is close to acquiring a controlling stake in Moscow-based Akado Holding.
The Russian cable operator Akado has seen a change in ownership structure, with its parent company Renova acquiring an additional 9.99% in Renova Aktiv.
The Russian cable operator Akado plans to become an MVNO by the end of this year, employing Tele2’s network.
The Russian cable operator Akado is no longer for sale, according to Viktor Vekselberg, the head of Renova.
Russia’s Rostelecom has backed out of buying the cable operator Akado from Renova.
ER Telecom has completed the acquisition of Akado’s operation in the city of Yekaterinburg.
Russia’s Rostelecom is again in talks to buy the cable operator Akado, seven years after a deal between the two parties collapsed.
Russia’s Federal Antimonopoly Service (FAS) has granted ER Telecom permission to buy 100% stakes in two companies owned by Akado.
The Russian cable operator Akado now finds itself wholly owned by Renova Activ.
The Russian cable operator Akado plans to raise up to R3.5 billion (€53.8 million) in a bond issue.