Consolidation in Russia’s cable industry is gathering momentum, with MTS set to buy Multiregion within the next two weeks.
MTS to merge with Comstar
The boards of Russia’s MTS and Comstar have given the go ahead to the merger of the two companies. As a result, Comstar, which is already 61.97% owned by MTS (64.03% excluding treasury shares) will be subsumed into the latter and cease to exist as a separate legal entity.
Russian regional cable sale mooted
Russia may be about to see significant consolidation in its regional cable networks.
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