Rostelecom acquires Crimean telecommunications infrastructure

The deal is estimated at around $30 million, the Vedomosti business daily reports

Rostelecom acquires Crimean telecommunications infrastructure

World Bulletin/News Desk

Crimean telecommunications infrastructure, including telecommunications equipment and fiber optical networks with a total length exceeding 2,000 kilometers, have been acquired by Miranda-media, a subsidiary of Russian state-controlled telecommunications company Rostelecom, ITAR-TASS news agency reported.

Business news daily Vedomosti also reported this news on Thursday with reference to sources close to the telecom operator. According to the newspaper, the deal is estimated at around $30 million.

Russian state set for 10-year contract worth $4.2 billion with Rostelecom

The sources said the former owners of the acquired infrastructure were three Ukrainian companies, two of them were Datagroup and Atracom.

Rostelecom has also been negotiating the purchase of assets in Crimea with former telecommunications monopoly Ukrtelecom which is currently owned by structures of Ukrainian business tycoon Rinat Akhmetov, but he did not agree on the price.

While the Rostelecom official confirmed that the company had purchased infrastructure in Crimea, he did not talk about terms of the deal and sellers. He only noted that the deal did not demand approval from the board of directors of the state-run telecommunications operator, because they had bought equipment of telecommunications channels, but not stakes in companies.

The Rostelecom offical said they can start to serve a full scale network to subscribers on the peninsula due to already built infrastructure.

The daily’s source also noted that Rostelecom did not intend to open a subsidiary in Crimea.

Last Mod: 08 Mayıs 2014, 12:02
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