Thursday, November 03, 2005

Russia: Golden Telecom buys SochiTelecom, Antel Rascom for $13M

Via RIA Novosti.

Golden Telecom, Inc., a leading facilities-based provider of integrated telecommunications and Internet services in major cities in Russia and the CIS, completed deals Thursday to buy SochiTelecom and Antel Rascom Ltd., which is registered in the British Virgin Islands.

The company said in a press release that the deal to buy SochiTelecom - an alternative fixed communications operator in the Krasnodar territory - had cost it $3 million, marking its proactive expansion into the regions.

Golden Telecom paid $10 million for Antel Rascom Ltd, which owns communications and infrastructure facilities in Moscow and St. Petersburg.


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