0
Broadband

Golden Telecom acquires 51% stake in Corbina Telecom

Wednesday 30 May 2007 | 12:59 CET | News
Russian communications operator Golden Telecom has acquired a 51 percent stake in ZAO Cortec and its subsidiaries Corbina Telecom. Golden Telecom received a 51 percent ownership in Corbina Telecom in exchange for 8 percent of Golden Telecom's common stock on a post-acquisition basis plus USD 10 million in cash. The remaining 49 percent of Corbina Telecom is controlled by Inure Enterprises. Golden Telecom plans to roll out FTTB networks in the top 65 cities of Russia in order to enable broadband access and provide triple-play services. Golden Telecom has agreed to complete an initial public

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Fixed
Companies: Golden Telecom
Countries: Russian Federation
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.







Calendar   /   Industry Events

30 Nov Zoom Video Communications Q3 2020
30 Nov NexTV Series MENA
01 Dec Hewlett Packard Enterprise fiscal Q4
01 Dec 5G Italy
01 Dec NGON & DCI World
02 Dec FTTH Conference
02 Dec Microsoft AGM
02 Dec Telia EGM
03 Dec Marvell Technology fiscal Q3
03 Dec GCX fiscal Q2
03 Dec Liberty Latin America AGM
06 Dec Gitex Technology Week
07 Dec SIPNOC 2020
07 Dec ECOC Exhibition
::: More Calendar Items