MTS eyes 51% of Comstar

By Andrew Langley and Will Bland, Dow Jones Newswires

Friday 31 July 2009

Deal would turn Russian operator into full-service telco; isn't planning full buyout.

Russian mobile operator OAO Mobile TeleSystems is seeking to buy 51% of sister firm OAO Comstar United TeleSystems in a deal valued at around $1.28 billion that would transform New York-listed MTS into Russia's biggest integrated telecoms operator by sales, but it has no plans to buy out minority owners

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MTS eyes 51% of Comstar

Deal would turn Russian operator into full-service telco; isn't planning full buyout.

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