UPDATE 1-Moscow CableCom says Renova raises offer to $12/shr

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Jan 19 (Reuters) -Moscow CableCom Corp. MOCC.O said its largest shareholder Renova Media Enterprises Ltd. increased its offer to buy the company to $12 a share from $10.80.

The revised offer represents a premium of 19.7 percent over Moscow CableCom's Friday closing price of $10.02 on the Nasdaq.

On Nov. 4, 2006, Russia's Renova had offered to acquire the rest of Moscow CableCom shares it does not own for about $130 million in cash. (Reporting by Dhanya Skariachan in Bangalore)