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RUSSIAN FEDERATION : Rostelecom and subsidiaries of Svyazinvest to acquire shares of NTK
[January 17, 2011]

RUSSIAN FEDERATION : Rostelecom and subsidiaries of Svyazinvest to acquire shares of NTK


(TendersInfo (India) Via Acquire Media NewsEdge) Rostelecom, Russia's national telecommunications operator, will acquire 21.8% stake in National Telecommunications (NTK). Uralsvyazinform and North West Telecom, the subsidiaries of Svyazinvest, are also planning to buy 25% stake of National Telecommunications.



The total worth of NTK s 71.8% stake is assumed to be about $950 million. NTK completely owns NKS, a leading cable operator of Russia. As of 2010, NKS has 4.95 million subscribers.

With this acquisition, Svyazinvest and its subsidiaries are planning to enter in the emerging Moscow market.


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