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ER-Telecom joins bidding for Avantel takeover - report

Tuesday 17 April 2018 | 13:19 CET | News

ER-Telecom has entered the bidding to acquire Avantel, a wireline provider for corporate clients, a person familiar close to Avantel shareholders told Vedemosti. Rostelecom received clearance from competition regulator FAS earlier this year to buy the company. 

Avantel serves about 15,000 customers in Moscow, St. Petersburg, Samara, Yekaterinburg and eight other Russian cities. Its customers include banks, pharmacy chain 36.6 and Mail.ru Group, according to the company website.

Rostelecom's unit Bashinformsvyaz received approval to buy 100 percent of Avantel. However, it was not the only candidate for the deal, and negotiations are also underway by ER-Telecom, the report said. No details on the value of the takeover were available. Both companies declined to comment. 



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Categories: Fixed
Companies: Bashinformsvyaz / ER-Telecom / Rostelecom
Countries: Russian Federation
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