Volga | Telecoms, media

Megafon offers $1bn to buy SMARTS

1 Oct '08
Russian mobile operator Megafon has filed a request with the Federal Antimonopoly Service (FAS) to purchase Samara-based operator SMARTS for $1bn, sources in the FAS said.

Earlier Marchmont reported that Russian mobile operator MTS had also voiced its intention to buy SMARTS (see news of August 19).

The FAS is to consider both applications by the end of October.
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