Telenor takes ownership of Comincom-Combellga to 100%

24 Jun 2003

Telenor [Nasdaq:TELN] has taken complete control of Comincom-Combellga, the Russian provider of corporate voice and broadband services. The Nordic operator paid USD30 million for the 25% stake in the company that it didn’t already own, which it hopes will add to its already successful presence in the Russian market and further strengthen its interests in the profitable corporate sector.