ER-Telecom agrees to acquire 100% of iHome

18 Nov 2019

Russia’s second largest broadband provider by subscribers, ER-Telecom, has announced a deal to buy 100% of Moscow-based enterprise and wholesale telecoms operator iHome. Operating in the Russian market since 2000 and specialising in services for other carriers and corporate clients, iHome’s website says that its own backbone network covers more than 30 cities of the Federation, with traffic connection points in eight countries, listing its main PoPs as: Moscow, St Petersburg, Cheboksary, Kazan, Ufa, Ekaterinburg, Nizhny Novgorod, Tyumen, Omsk, Tomsk, Novosibirsk, Voronezh, Samara, Saratov, Perm, Frankfurt (Germany), Amsterdam (Netherlands), London (UK), Paris (France) and Kiev (Ukraine), while its network map shows other international PoPs including Stockholm (Sweden) and Copenhagen (Denmark).

The iHome website shows a service range including IP-Transit, W-IX international Internet exchange peering, Ethernet/VPN, data centre leasing, colocation and support, and point-to-point 10Gbps/100Gbps fibre connections.

Although no financial details were disclosed in ER-Telecom’s announcement, Russian newspaper Kommersant reports that the purchase price is thought to be in the ballpark of RUB1.5 billion (USD23.5 million). Post-acquisition, ER-Telecom says that iHome – currently owned by its founder and CEO Vasily Maskovsky – will maintain operational independence.

Russia, ER-Telecom (Dom.ru)