TTK owners to discuss expansion plans; mobile operators could be on shopping list

30 Jun 2014

Russian fixed line operator TransTeleCom (TTK), which is owned by the state’s Russian Railways division, is considering acquiring unspecified wireless assets in an effort to broaden its portfolio. With a board meeting scheduled for today (30 June), Kirill Androsov, chairman of the railway firm’s board of directors, told the Prime business news agency: ‘We have to outline our strategy. If we decide to provide mobile services, we will have a closer look at market participants, but the decision rests with the board of directors.’

Late last week, Vedomosti reported that TTK was in talks to acquire Antares Telecom, which holds a sought-after block of spectrum in the 1900MHz band. According to TeleGeography’s GlobalComms Database, along with sister companies Arktur and Integral, Antares received a batch of frequencies in the 1900MHz band in April 2008, which the State Radio Frequency Commission (SRFC) designated as suitable for the future use of LTE. However, recent years have seen Antares fall foul of the regulator, and the company’s LTE ambitions have largely been thwarted.

Russia, Antares Telecom (Russia), TransTeleCom (TTK)