Russian teleco Synterra has revealed its intention to spend between USD300 million and USD400 million on the acquisition of assets this year to become one of Russia’s top five telecoms service providers. The deals are to be financed by means of long-term loans and the funds it will raise from the sale of the federal internet provider RTComm.ru.
Telegeography’s GlobalComms database reports wireless ISP Synterra was established in late 2005 following the unification of three separate Russian telcos: Komet, RTComm.ru and Telecom-Centre. It launched its first 3.5GHz fixed WiMAX networks in April 2006, and in July the following year selected Alcatel-Lucent to supply equipment for 2.5GHz mobile WIMAX systems in a number of cities. The operator hopes to launch networks in 1,000 Russian cities by end-2008.