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.
The Russian cable operator ER Telecom has been awarded a licence to offer services as a Full MVNO.
The proposed acquisition of the Russian cable operator Akado by Rostelecom, first mooted in 2013, could be back on the cards.
The Russian cable operator Akado has won a copyright dispute over the carriage of a music channel named Chanson TV.