Tuesday, February 10, 2009

Antimonopolschiki allowed ITT to buy "Telefon.Ru.

Federal Antimonopoly Service (FAS) of Russia has allowed the company to buy the MTS network stores" Telefon.Ru. That was reported by RIA Novosti with reference to the data of FAS. Previously, the application for the acquisition of "Telefon.Ru" filed as "Euroset", the main shareholder of which is the main competitor of MTS - Company "VimpelCom" (trade mark Beeline).
Recall that in 2009 the business media have written that almost all the major chains stores have been seen as objects for acquisitions. In particular, the same Euroset claimed to purchase "Betalinka and Tsifrograda," and "Megaphone" - only on "Tsifrograd. According to the newspaper Kommersant, the MTS has already agreed to "Betalinkom, that all 650 stores of the network will be transferred under the brand cellular operator.
"Telefon.Ru brings about polutysyachi stores. In 2008, the company's revenue exceeded 13 billion rubles, while accounts payable amounted to 26 million dollars. 50 per cent of the shares of the company belongs to the group "Russian funds", while another 50 per cent - to individuals.
MTS is the largest mobile operator in Russia. In the CIS, the company serves more than 95 million subscribers.

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