Comstar-UTS completes Golden Line acquisition

16 Apr 2008

Russian fixed line operator Comstar-UTS has announced the completion of a merger with 100%-subsidiary Golden Line, a provider of corporate leased line access in Moscow. Comstar UTS acquired Golden Line twelve months ago from sister company Comstar-Direct, for a cash sum of USD10.2 million. Shareholders of Comstar-UTS approved the merger with Golden Line in August last year.

Russia, Comstar United TeleSystems (Comstar UTS)