Rostelecom buys Yekaterinburg-based Planeta

21 Dec 2020

Russian fixed line giant Rostelecom has closed a deal to acquire the ‘Planeta’ group of companies via a 100% buyout of parent firm Sozvezdie which valued the business at RUB1.755 billion (USD24 million). According to the announcement, Planeta is the leading multi-service communications operator in Yekaterinburg and the Sverdlovsk region. Services include high speed internet access, digital television, voice telephony, virtual PBX/private networks and video surveillance in the largest urban areas of the region: Yekaterinburg, Nizhny Tagil, Kamensk-Uralsky, Krasnouralsk and Berezovsky. The operator’s subscriber base numbers about 100,000 households and over 6,000 enterprises and institutions in the region. Planeta’s revenue is expected to exceed RUB1 billion in 2020.

The deal was executed with the involvement of Sberbank Investments, which in several stages consolidated 100% of the Planeta group of companies in the interests of Rostelecom.

Russia, Rostelecom