PFIG increases ER-Telecom stake

6 Jan 2021

Perm Financial & Industrial Group (PFIG) has increased its stake in Russia’s second largest fixed broadband operator ER-Telecom ( from 70.99% to 87.29%, having acquired shares from Baring Vostok and Enforta. ER-Telecom confirmed in a statement that it had altered its shareholding structure following the acquisition of the 16.3% stake by PFIG, which is wholly owned by the telco’s president Andrei Kuzyaev.

Russia, ER-Telecom (