ER Telecom and the Renova Group have agreed to continue exclusive talks on the sale of Akado to the former until the end of the year.
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.