Rostelecom picks advisers for Tele2 Russia deal - report

News Wireless Russian Federation 5 SEP 2013
Rostelecom picks advisers for Tele2 Russia deal - report
Russian national operator Rostelecom has chosen JPMorgan, Credit Suisse and PricewaterhouseCoopers as advisers on an eventual deal to merge its mobile operations with Tele2 Russia, reports Vedomosti. The aim is to draw up a proposal by October. The consultants proposed the company set up a joint venture, in which Rostelecom would own a majority stake.

Categories:

Mobile

Companies:

Rostelecom,  Tele2 Russia

Countries:

Russian Federation

Tags:

M&A buyouts & divestments

Related Articles

RUSSIAN FEDERATION 9 DEC 2013

Rostelecom to cut staff - report

Russian national operator Rostelecom plans to launch a reorganisation reducing staff numbers in order to raise efficiency, reports Vedomosti. The workforce reduction will affect the company headquarters as well as regional branches. The reduction will total 40-50 percent of staff at the headquarters and less in the regions, according to the paper's sources. The main reason for the restructuring is the planned merger of the mobile business of Rostelecom with Tele2 Russia. Around two-thirds of Rostelecom staf

RUSSIAN FEDERATION 14 AUG 2013

Rostelecom may set up new mobile company - report

Russian national operator Rostelecom is considering spinning off its mobile business into a separate company, reports Vedomosti. The new company could eventually be merged with Tele2 Russia. The national operator is in the process of setting up a special mobile activities management office. The office, which will be formed in the commercial department of the operator, will be accountable directly to Larisa Tkachuk, the vice-president of the company. A final decision on creating a separate company hasn't bee

RUSSIAN FEDERATION 24 JUN 2013

Rostelecom to acquire 30% stake in Tele2 Russia - report

Russia Bank has agreed to acquire an around 30 percent stake in the mobile operator Tele2 Russia from VTB, reports Vedomosti citing several unspecified sources. Russia Bank is acting as intermediary under the deal, and the national operator Rostelecom is the final buyer, according to the sources. VTB acquired Tele2 Russia at the end of April from the Tele2 group for USD 2.4 billion.

RUSSIAN FEDERATION 19 JUN 2013

Govt to divide Rostelecom among domestic operators - report

The Russian government is ready to sell over an 50 percent stake in the national operator Rostelecom to Russian mobile operators MTS, Megafon and Beeline, reports Kommersant citing senior government officials. The new scheme would avoid the entry of foreign investors in the privatisation process, something opposed by the Ministry of Defense due to security concerns. The mobile business of the national operator would be sold to Tele2 Russia, and the rest of the activities offered to MTS, Megafon and Beeline.

RUSSIAN FEDERATION 17 JUN 2013

Rostelecom, Tele2 Russia negotiate MVNO terms

Russian national operator Rostelecom is in talks with the mobile operator Tele2 Russia to start offering MVNO services, Sergey Kalugin, the CEO of Rostelecom, told news agency Prime. Tele2 Russia would be able to services over the 3G network of Rostelecom, and Rostelecom would gain access to the GSM networks of Tele2 Russia. Rostelecom currently owns 3G networks in 27 regions, while Tele2 Russia holds licences for GSM services in 42 regions. Tele2 Russia has no licences for 3G services. The negotiations are

RUSSIAN FEDERATION 29 MEI 2013

Former Rostelecom CEO to head Tele2 Russia

Russian company VTB, majority stake owner in Tele2 Russia, has appointed Alexander Provotorov the new CEO and President of Tele2 Russia, reports Prime-Tass. Jerry Kalmis, the former CEO, has moved to the position of first deputy CEO. Provotorov earlier worked as CEO of Russian national operator Rostelecom.

Just In

19 DEC 16:42

SLT-Mobitel launches 5G network in Sri Lanka

19 DEC 16:19

Dialog Axiata launches 5G network, connects 1.5 million subscribers

19 DEC 15:56

UK govt to ban AI-enabled nudification apps to protect women, girls

19 DEC 15:42

3 UK launches last-minute Christmas sale

Commentary

13:56

Video market set for slower growth ahead

11:38

Netflix buys Warner Bros to deepen content catalogue

11:11

KPN's mixed performance in Q3 raises questions for strategy day

15:26

Stock markets breaking records but what happened to Odido's IPO plans?

Background

01:04

The week in telecom: Wi-Fi bolt-ons take off to boost broadband growth, video market works on consolidation

01:39

The week in telecom: Netflix wins bidding for Warner Bros, Apple poaches new execs, Samsung debuts trifold

13:51

Proximus vs. Telenet: Proximus performs better in Q3 while Telenet uses up cash

14:16

Proximus Domestic still struggling with low margins

Complete profile

Before downloading the whitepaper, we would like to ask you to complete your profile with company and position. After confirming you will receive the white paper.