Telecom NZ coughs up USD25m to placate rivals

According to business news agency PrimeTass, Russian national operator Rostelecom has disclosed new plans to finalise a previously-rumoured approach to acquire sister company SkyLink, from the pair’s parent Svyazinvest. CDMA operator SkyLink launched GSM services in 45 regions in December 2010, and went on to receive permission to roll out a W-CDMA network in March 2011. [More]

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