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Tag: megafon
Megafon to buy Yota for USD 1.2 billion
2013-08-08 08:46:00| Telecompaper Headlines
(Telecompaper) MegaFon has agreed to buy LTE operator Scartel, which operates as Yota, from its majority owner Garsdale at an equity value of USD 1.18 billion. Scartel has nationwide LTE spectrum consisting of 2x30 MHz in the 2.5-2.6 GHz band. Its LTE network already covers 27 percent of the population and has more than 648,000 subscribers. Garsdale also controls MegaFon, and the mobile operator already acts as a MVNO on the Scartel network. Garsdale, which is ultimately controlled by Alisher Usmanov, has 50 percent plus 100 shares in Megafon, while TeliaSonera has a 25.2 percent stake. The latter said it plans to support the takeover at the special shareholders meeting in September to approve the deal. Megafon said it expects significant synergies from the takeover, allowing it to strengthen its data network, accelerate the roll-out and lower the cost of 4G deployment. It will also take on up to USD 600 million in debt from Yota.
MegaFon to acquire 100% of Scartel for $1.18bn
2013-08-08 02:00:00| Total Telecom industry news
Russian operator says deal will enable it to strengthen its position in LTE market.
Tags: acquire
megafon
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MegaFon gets OK for Yota takeover
2013-07-25 02:00:00| Total Telecom industry news
Deal gives Russian operator control of country's most developed LTE network.
MegaFon, Telefonica sign strategic cooperation agreement
2013-05-28 02:00:00| Total Telecom industry news
Telcos sign joint procurement, roaming deal.
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Megafon joins Telefonica Partners Programme
2013-05-27 11:40:00| Telecompaper Headlines
(Telecompaper) Russian operator Megafon has joined Telefonica's Partners Programme, which already includes equity partners such as China Unicom and Telecom Italia along with other members. Telefonica said its partnership with Megafon will involve joint procurement, the exchange of technological know-how and the provision of services to their respective multinational clients. The two companies' specialised subsidiaries may also work together in the development of new businesses, including OTT, cloud services or M2M. Telefonica and its partners currently serve customers in 52 countries with a population of 1.5 billion people.
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