Bloomberg News

Russian Mobile Operators, RDIF May Start Venture, Vedomosti Says

September 19, 2012

OAO Mobile TeleSystems (MBT:US), VimpelCom Ltd. (VIP:US), OAO MegaFon and OAO Rostelecom (RKMD) may set up a joint venture with state-run Russian Direct Investment Fund (RDIF) to acquire the operators’ mobile telecommunications towers, Vedomosti reported, citing an unidentified person close to Rostelecom.

The operators would transfer to the new company about 700 towers and another 14,800 would be bought for $1 billion with RDIF backing; the fund would have 85 percent of the venture, with the remainder distributed among the operators, the newspaper said.

To contact the reporter on this story: Anatoly Temkin in St. Petersburg at atemkin@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net


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Companies Mentioned

  • MBT
    (Mobile Telesystems OJSC)
    • $18.18 USD
    • -0.08
    • -0.44%
  • VIP
    (VimpelCom Ltd)
    • $8.29 USD
    • 0.13
    • 1.57%
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