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.
Full Content: Total Telecom
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
UFC Reaches $375 Million Settlement in Antitrust Case
Feb 6, 2025 by
CPI
Brazilian Architecture Council Convicted of Antitrust Violations
Feb 6, 2025 by
CPI
Bipartisan Bill Seeks to Ban Chinese AI Software from US Government Devices
Feb 6, 2025 by
CPI
Senators Call for Investigation into RealPage Algorithm’s Impact on Military Housing Costs
Feb 6, 2025 by
CPI
ECB Seeks Faster Digital Euro Legislation Amid US Stablecoin Push
Feb 6, 2025 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – International Criminal Enforcement
Jan 23, 2025 by
CPI
The Antitrust Division’s Recent Work to Combat International Cartels
Jan 23, 2025 by
Emma Burnham & Benjamin Christenson
Information Sharing: The New Frontier of U.S. Antitrust Enforcement
Jan 23, 2025 by
Brian P. Quinn, Casey Kovarik & Michael Tubach
The Key Role of Guidelines on Exchanges of Information Among Competitors and the Divergent Transatlantic Paths
Jan 23, 2025 by
Rosa Abrantes-Metz & Albert Metz
Leniency, Whistleblowers, and Compliance
Jan 23, 2025 by
Richard Powers, Tara O’Malley & Cory Gordon