MegaFon agrees overhead power line deal with Siberian utility

According to two separate reports by Kommersant, Russian national operator Rostelecom is preparing bids for a pair of regional internet service providers (ISPs). The acquisition of Moscow-based Gorcom, which is wholly owned by CEO Oleg Zaporozhets, would allow Rostelecom to control 7% of the Moscow high speed internet market; the broadband provider is valued at between RUB1.2 billion and RUB1.4 billion (USD37.8 million and USD44 million). [More]

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