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Provider: ValuEngine, Inc.
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FAS Allows Rostelekom OAO to Buy Remaining Stake in Loktelekom OAO-Interfax
Interfax reported that the Federal Antimonopoly Service (FAS) has approved the Rostelekom OAO's application to acquire 63.2% of the voting shares of Loktelekom OAO. Te Company owns 36.8% of Loktelekom OAO. This transaction will allow Rostelekom OAO to consolidate 100% of Loktelekom OAO. In November 2012, FAS postponed consideration of the application for two months to study the effect of the transaction on competition in the market of Internet access in Chita.
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