Rostelecom reducing stake in Crimean operations

14 Jul 2015

Russia’s largest fixed line and broadband operator Rostelecom has decided to reduce its majority stake in its Crimean telecoms division to 19.9%, reports Comnews. The state-backed, listed telco acquired fibre networks and other fixed telecoms infrastructure in the Crimean peninsula from a trio of Ukrainian operators – Datagroup, Atracom and a third company – for a knock-down price of around USD30 million, TeleGeography’s CommsUpdate reported in May 2014. Rostelecom operates in Crimea – including Sevastopol, Simferopol and Yevpatoria – via locally-based triple-play subsidiary Miranda-Media, offering telephony, broadband internet and digital TV.

Russia, Miranda-Media (Rostelecom Crimea), Rostelecom