MegaFon Deal Cleared

Aug 28, 2012 | News

Moscow Times 28 August 2012 The Federal Anti-Monopoly Service has approved MegaFon’s application to buy stakes in mobile content provider VAS Pay and the NewsTube.ru Internet television site from tycoon Alisher Usmanov, Interfax reported Monday, citing the...

Sistema Gets Full Control of Sitronics

Aug 24, 2012 | News

Moscow Times 24 August 2012 RTI, a subsidiary of AFK Sistema, has acquired full control of technology company Sitronics, AFK Sistema said in a statement, Interfax reported. RTI bought global depositary receipts for 0.52 percent of Sitronics’ shares, increasing...

Rostelecom Inks Deal to Buy Norilsk Telecom

Aug 24, 2012 | News

Moscow Times 24 August 2012 Rostelecom has signed a memorandum of intent to buy Norilsk Telecom from investment bank CIT Finance, two unidentified consultants said. The report was confirmed by sources close to Rostelecom and CIT Finance. Spokespeople for Rostelecom,...

L Capital backs Indian cinema operator PVR

Aug 22, 2012 | India, News

Asian Venture Capital Journal 3 August 2012 L Capital, the private equity arm of luxury group LVMH, will invest just under INR1.1 billion ($19.4 million) in cinema and entertainment company PVR for a 10% stake. As part of the deal, L Capital will set up a joint...

Telenor to auction India telecom business, Unitech opposes

Aug 22, 2012 | India, News

IBN Live 1 August 2012 New Delhi: Intensifying row with its minority stakeholder, Norway’s Telenor-controlled Indian venture Uninor on Wednesday put on auction its entire telecom business for a minimum of Rs 4,000 crore, a move opposed strongly by Unitech. The...