MegaFon completes acquisition of SMARTS-Volgograd

17 Feb 2014

Russian mobile giant MegaFon has completed the acquisition of a 100% stake in regional wireless operator SMARTS-Volgograd from Samara-based SMARTS Group; the transaction has been valued at RUB46 million (USD1.3 million). GSM operator SMARTS-Volgograd is licensed to operate in Volgograd and the surrounding region, and owns 2×14.8MHz spectrum blocks in the 1800MHz frequency band.

Russia, MegaFon, SMARTS Group