Wednesday, February 11, 2009

"Telefon.Ru" MTS cost of 60 million dollars.

The largest mobile operator MTS has acquired 100 percent of the network stores "Telefon.Ru. The deal was about $ 60 million. This is stated in the official press release of MTS.
As the amount of the transaction includes the company stock on 22,4 million dollars. In MTS stressed that the acquisition of new assets would make the brand the company closer to consumers. In addition, in the press release stresses that "Telefon.Ru" - one of the most profitable companies in its market segment.
A day before, it was reported that the Federal Antimonopoly Service has allowed MTS to buy "Telefon.Ru. This also applied to the asset Euroset, the principal shareholder of which is "VimpelCom" (trade mark Beeline).
In the second half of 2008, Russian cellular operators have started an active interest in the acquisition of retail sales of telephone networks. In particular, the same ITT agreed that the network Betalink "will operate under the brand name of the MTS. In addition, VimpelCom became the major shareholder "Euroset", and "Megaphone" is negotiating with "Tsifrogradom.
"Telefon.Ru" brings together more than 500 stores. In 2008, the company's earnings amounted to 13 billion rubles.

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