A PYMNTS Company

Russia: Antitrust head supports mega telecom buyout

By  |  April 25, 2013
Russia: Antitrust head supports mega telecom buyout

The head of Russia’s Federal Antimonopoly Service has vocalized his support for a potential telecommunications merger that would result in a new, fourth major player to compete in the market. According to reports, FAS head Igor Artemyev referred to the nation’s “big three” players Mobile TeleSystems, MegaFon and VimpelCom and noted the nation would benefit from Rostelecom’s proposed acquisition of Tele2 Russia, currently owned by VTB Group, to become a potential competitor against the three. The news comes just days after FAS said it would attempt to block any merger of Tele2 Russia with one of those big three telecoms. Tele2 Russia was bought out by VTB for $3.55 billion earlier this month.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: Total Telecom

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.