Bloomberg News

Rostelecom, MegaFon May Buy Euroset From Mamut, Kommersant Says

March 27, 2012

OAO Rostelecom and OAO MegaFon may purchase Alexander Mamut’s controlling stake in Russian mobile- phone retailer Euroset Holding NV, Kommersant reported.

Mamut may be paid in part with 100 percent of SUP Media, a holding owned by billionaire Alisher Usmanov, who controls 31 percent of MegaFon, the Moscow-based newspaper reported, citing an investment banker and unidentified people close to the companies’ shareholders.

The sale may be completed in two to three months, Kommersant said, citing one of the unidentified people. VimpelCom, which controls 49.9 percent of Euroset, didn’t use an option to acquire an additional 24.95 percent stake, the newspaper reported.

To contact the reporter on this story: Scott Rose in Moscow at

To contact the editor responsible for this story: Scott Rose at

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