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Mobil'nye TeleSistemy OAO Looking to Buy Internet Provider Akado-PRIME

Friday, 7 Jun 2013 06:28am EDT 

PRIME reported that Mobil'nye TeleSistemy OAO (MTS) is looking to take steps towards acquiring Internet and pay TV provider Akado Group, MTS President Mr. Alexander Dubovskov told reporters. MTS has already applied to Akado’s shareholders asking to carry out a due diligence, Mr. Dubovskov said. Earlier, business daily Kommersant reported citing market sources that MTS is holding negotiations to buy Akado. The source said then that MTS has already sent an official proposal to Akado’s owners and the document is under discussion. However, a spokesperson for MTS told PRIME that the operator has yet to send any official proposals to Akado’s shareholders. Akado is wireline broadband operator with around 800,000 broadband and pay TV services in Moscow, St. Petersburg, and the Moscow Region. 

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-0.83 -4.68%
17 Sep 2014