Russian Antimonopoly Service Gives Consent For MTS To Buy Comstar
2009年6月18日 - 8:12PM
Dow Jones News
Russia's competition authority Thursday approved mobile operator
OAO Mobile TeleSystems' (MBT) application to buy its fixed-line
affiliate OAO Comstar United TeleSystems (CMST.RS).
"We have approved MTS's application without any conditions,"
said Konstantin Senichkin, head of the transport and communications
department at the Federal Antimonopoly Service.
MTS, which has 66 million subscribers in Russia, last month
applied for permission to buy Comstar, which owns the fixed-line
telephone network in Moscow.
The deal would bring together the telecommunications units of
conglomerate OAO AFK Sistema (AFKS.RS), and MTS hopes that by
incorporating a fixed-line business it will be able to take
advantage of the rapidly growing demand for broadband Internet
access in regional Russian cities.
Sistema owns 51% of Comstar and 53% of MTS.
MTS now has permission to buy all of Comstar's shares, but MTS's
Chief Executive Mikhail Shamolin has said that it may not buy 100%
of the fixed-line operator.
In order to avoid a conflict of interest for Sistema, MTS has
set up a special committee of three independent directors to
oversee the transaction.
Company Web site: www.fas.gov.ru
-By Will Bland, Dow Jones Newswires; +7 495 937 8445;
william.bland@dowjones.com