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Russia's Watchdog Seen Clearing Megafon OAO's Euroset Deal-Reuters


Wednesday, 14 Nov 2012 06:03am EST 

Reuters reported that Russian mobile operator MegaFon OAO's deal to acquire a stake in cellphone retailer Euroset is expected to be approved by the country's antitrust watchdog. MegaFon announced plans in October to pay up to $1.33 billion to buy half of Euroset, expanding the number of shops through which it can sell its services in Russia's competitive mobile market. MegaFon competes against MTS and Vimpelcom in Russia. 

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