Svyazinvest suspends proposal to merge regional cellcos with MegaFon

28 May 2010

Dow Jones Newswires reports that Russian state telecoms holding group Svazyzinvest has suspended negotiations on a proposal to combine the mobile businesses of its regional telecoms divisions with the country’s third largest cellular operator MegaFon. A Svyazinvest spokeswoman said today that the company is no longer negotiating with MegaFon and the proposal is on hold until next year.

Russia, MegaFon, Svyazinvest