The Russian cable operator Multiregion ended the third quarter with 620,000 pay-TV and 266,000 broadband internet subscribers.
Russia’s MTS has completed the acquisition of the cable operator Multiregion for a fee of $123.5 million (€95.5 million).
Consolidation in Russia’s cable industry is gathering momentum, with MTS set to buy Multiregion within the next two weeks.
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.
Russia may be about to see significant consolidation in its regional cable networks.