Renova completes Moscow CableCom acquisition

20 Jul 2007

Russian private equity investor Renova Media Enterprises has completed the merger of Moscow CableCom into a wholly owned subsidiary of Renova Media, acquiring all of the equity interests in Moscow CableCom that it did not already own. Moscow CableCom shares have now ceased trading on the NASDAQ Global Market. US-based Moscow CableCom has a licence to offer cable TV services in an area covering 1.5 million homes and businesses in Moscow, where it operates under the name AKADO.

Russia, AKADO Telecom