St Petersburg selling Metrocom

9 Jun 2010

St Petersburg-based fixed line telco Metrocom has been put up for sale by its owners, the local government and the son of the city’s governor, with an opening bid price set at RUB2 billion (USD63 million). A report by Russian newspaper Vedomosti, quoted by Dow Jones Newswires, says that the local authorities own 55% of Metrocom’s shares, with Sergei Matviyenko’s private company MST holding the remainder after purchasing it from Comstar UTS in 2007. Metrocom’s largest customers are municipal and government users.