MOSCOW—A shareholder of the fourth-biggest Russian carrier Kuban GSM in the Krasnodar region in the south of the country has decided to sell its interest in the operator, and top national carrier Mobile TeleSystems (MTS) is the likely buyer.The directors of Kubanelektrosvyaz, which holds...
MOSCOW—Russian carrier Mobile TeleSystems (MTS) placed its first euro bonds worth US$250 million as it needs additional funds for regional expansion.MTS spokeswoman Eva Prokofyeva said the funds will be used "for a further network development, including in the regions."The yield of the three-year bonds...
MOSCOW—The biggest Russian carrier Mobile Telesystems (MTS) has reportedly reached a deal to buy a controlling interest in the fourth-biggest regional carrier, Kuban GSM, in the southern Krasnodar region with 316,000 subscribers."The shareholders of Kuban GSM passed the final decision to sell the controlling...
MOSCOW—Two major Russian carriers, Mobile Telesystems (MTS) and Vimpelcom (BeeLine) said they plan to place their first Euro bonds, and market experts commented the foreign borrowings are necessary for regional expansion.MTS said it will place bonds worth US$250 million in December through its Luxembourg-based...
MOSCOW—Sonic Duo, which has the third GSM license in Moscow, finally went on air in the capital this month after numerous delays caused by frequency problems. The main result is the arrival of the pan-Russian Megafon project of St. Petersburg-based Telecominvest holding in the...
MOSCOW—Sonic Duo, which has the third GSM license in Moscow, will finally start operating in the capital in late November under the Megafon trademark.Besides Sonic Duo, the pan-Russian Megafon project also unites St. Petersburg-based North-Western GSM and six regional carriers. North-Western GSM is to...
MOSCOW—Sonic Duo, which has the third GSM license in Moscow, finally launched a test operation of its network in the Russian capital.After several delays caused by the absence of frequencies, Sonic Duo began operating thanks to the St. Petersburg-based North-Western GSM, with which it...
MOSCOW—Major Russian Mobile TeleSystems (MTS) carrier said it had completed a deal to buy an 81-percent stake in the Telecom 900 Company, which has a controlling interest in three regional carriers in the Urals, Siberia and the Far East.The statement followed the announcement of...
MOSCOW—The St. Petersburg-based North-Western GSM and the Moscow-based Sonic Duo carrier, as well as six Russian regional operators merged into a new company, which would deal with the pan-Russian Megafon project of the Telecominvest holding.The deal, which market experts dubbed as "the merger of...
MOSCOW—Sonic Duo, which has the third GSM license in Moscow, received the first frequencies shared by its major competitor Mobile TeleSystems (MTS). The news was followed by a change of Sonic Duo's major shareholder. The carrier is to launch commercial operations in the third...
