ER-Telecom set to acquire Yaroslavl-based cableco

2 Mar 2015

Perm-based internet service provider (ISP) ER-Telecom, which operates under the Dom.ru brand, is set to acquire Yaroslavlteleset, a leading cable operator in the Yaroslavl Oblast, 250km north-east of Moscow. According to unconfirmed local media reports ER-Telecom will pay just RUB305.5 million (USD5.0 million) for Yaroslavlteleset, with the deal expected to close imminently. The cableco is currently owned by the Yaroslavl city authorities, and local politicians are said to have been critical of the sale, claiming that the asset was severely undervalued.

Russia, ER-Telecom (Dom.ru)