Sistema offers EUR240 million for 51% of Intracom Telecoms

7 Feb 2006

Russian group Sistema has bid around EUR240 million to acquire a 51% stake in Greek technology provider Intracom Telecoms, according to local paper Imerisia. Analysts and brokers observed that the deal could provide Intracom with the necessary capital to venture into the Greek telecoms services market, or, alternatively, exercise an option to buy a 10% stake in Turkish mobile operator Telsim from Vodafone Group.