Has ER-Telecom agreed to buy AKADO?

28 Jun 2013

According to an unconfirmed report by the Prime business news agency, Russian internet service provider (ISP) ER-Telecom has agreed a deal to buy Moscow based AKADO Telecom. Although no additional information has yet been made available, the sought-after company was recently successful in fending off takeover bids from both Mobile TeleSystems (MTS) and TransTeleCom (TTK).

According to TeleGeography’s GlobalComms Database, AKADO is majority-owned by US-based firm Moscow CableCom Corp (MOCC) which has itself been wholly owned by Russian private equity investor Renova Media Enterprises since July 2007. Renova holds a 67% stake in the business, while the telco’s chairman Yuriy Pripachkin is thought to hold the remaining 33%.

Russia, AKADO Telecom, ER-Telecom (Dom.ru)