MegaFon, Vimpelcom buying regional SMARTS assets

23 Jun 2015

Russia’s Federal Antimonopoly Service (FAS) has approved applications from the country’s two largest cellcos MegaFon and Vimpelcom to buy assets of the regional operator SMARTS, Comnews reports. MegaFon plans to acquire 100% of the voting shares of SMARTS-Samara, Astrakhan GSM and Yaroslavl-GSM, while Vimpelcom has applied to acquire SMARTS-Elista, with the total cost of these four SMARTS assets roughly valued at RUB4 billion-RUB6 billion (USD74 million-USD111 million).

Russia, Beeline (Russia), MegaFon, SMARTS Group