Sitronics OAO Increases Stake in Intellekt Telekom OAO to Be Subsequently Sold to Moskovskaya gorodskaya telefonnaya set' OAO-Ria Novosti


Thursday, 26 Sep 2013 10:26am EDT 

Ria Novosti reported that Sitronics OAO has acquired a 25.1% stake in Intellekt Telekom OAO from its parent company, RTI OAO, and therefore increased its stake to 50.046%. Subsequently, the entire 50.046% stake in Intellekt Telekom OAO is planned to be sold to Moskovskaya gorodskaya telefonnaya set' OAO (MGTS). The Federal Anti-monopoly Service of Russian Federation (FAS) had already approved MGTS’ motion to acquire the above stake, which will allow it to consolidate 100% in Intellekt Telekom OAO. 

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