ER-Telecom competes with Rostelecom for Avantel, closes Telemir deal

18 Apr 2018

Following the news in January that Russia’s largest fixed network operator Rostelecom had received antimonopoly clearance to place a takeover bid for B2B telecoms operator Avantel, a rival bid has reportedly been tabled by ER-Telecom, the country’s second biggest fixed broadband provider by subscribers. The development was reported by Vedomosti quoting unnamed sources, whilst the companies involved declined to comment.

ER-Telecom has also recently closed a deal announced in February to acquire 100% of Lipetsk-based regional operator Telemir, which reportedly serves a subscriber base of over 50,000.

Russia, Avantel (Russia), ER-Telecom (Dom.ru), Rostelecom