The acquisition of Moscow-based Akado by ER Telecom now looks unlikely to take place.
The Russian cable operator ER Telecom has agreed to extend exclusive talks to buy the Moscow-based cableco Akado until the middle of October.
The Russian cable operator Akado has posted a profit for the first time since 2006.
The Russian cable operator ER Telecom has been given the go-ahead by the country’s Federal Antimonopoly Service (FAS) to acquire Moscow-based Akado.
The Russian cable operator Akado is now estimated to be worth around $700-830 million (€538-638 million), rather than the $1.2 billion suggested three years ago.
Russia’s MTS is currently in talks to buy the Moscow-based cable operator Akado.
The Moscow-based cable company Akado is being restructured.
Russia’s Akado Telekom has become the first platform in the country to offer its subscribers a HD version of the federal channel Rossiya.
The Russian cable operator Akado is to add long distance and international calls to the portfolio of services it offers.
The Russian cable operator Akado will extend its digital services to Yekaterinburg on September 1, followed by St Petersburg next year.