Mergers and Acquistions News
Categories: Telecoms
June 24th 2009, 12:27PM
Svyazinvest, the Russian state-owned telecommunications operator, is looking to close a merger deal with one of the country's top three mobile operators.
Such a merger would be the optimal path for development of the company's mobile business and make it one of the top four operators in the market, said Russia's communications minister Igor Shchyogolev.
Each of the current big three operators - MTS, Vimpelcom and Megafon - have a market share of 30 per cent.
The specifics of a merger deal are not yet clear and it remains unknown whether the entire Svyazinvest holding, including fixed-line assets, would be involved.
Alternatively, Russia's fourth-largest mobile operator could be created by pooling Svyavinvest's mobile assets with a different regional provider.
"Depending on how the [fixed line] merger goes, we will decide how to merge the mobile units," commented Igor Pshenichnikov, spokesman for Svyazinvest.
Last month the Russian government cleared the reorganisation of the firm under the umbrella of Rosetelecom.
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