State property fund divesting 12.1% SMARTS stake

18 Sep 2015

Russia’s Federal Agency for State Property Management (Rosimushchestvo) is auctioning a 12.1% stake in regional mobile operator SMARTS which previously belonged to the cellco’s chairman and largest shareholder Gennadiy Kiryushin, Comnews reported. An initial price of RUB2.013 billion (USD30.6 million) was set for the stake. SMARTS, which is gradually being sold off in regional chunks to larger operators, accounted for less than 0.5% of the Russian mobile subscriber market at end-June 2015, according to TeleGeography’s GlobalComms Database.

Russia, SMARTS Group