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Rostelecom to form mobile joint venture with Tele2 Russia
2013-12-12 20:11:00| Telecompaper Headlines
(Telecompaper) Russian national operator Rostelecom has agreed to merge its mobile activities with the mobile operator Tele2 Russia, owned by Russian bank VTB and a group of local investors. The merger of the fourth and fifth largest mobile operators will create a company with almost 38 million customers and over RUN 100 billion in annual revenues. The joint venture T2 RTK Holding created from the merger will have an estimated market share of 16 percent, leaving it in fourth place behind the big three operators in Russia. The deal gives Tele2 a nationwide network footprint and access to key spectrum to launch LTE services. The transfer of Rostelecom's assets to the new company will be carried out in two stages. All subsidiaries providing mobile services, including Sky Link, will be transferred to the joint venture by the end of Q1 2014, giving Rostelecom a 26 percent stake and 45 percent of voting rights in the joint venture. During the second stage, Rostelecom will spin off its remaining mobile businesses into a new wholly owned subsidiary called RT-Mobile, which will take over its spectrum licences. Upon completion of the spin-off, Rostelecom will contribute RT-Mobile to T2 RTK Holding and increase its economic interest in the joint venture to 45 percent. The merger remains subject to regulatory and shareholder approval, and both stages should be completed by mid-2014.
Tags: form
mobile
russia
joint
Rostelecom board OKs merging mobile assets with Tele2
2013-12-12 01:00:00| Total Telecom industry news
State-owned operator to use Tele2's vast network infrastructure to become Russia's fourth-largest mobile player.
Tags: board
mobile
assets
merging
Norway spectrum auction sees three winners, but Tele2 miss out
2013-12-06 01:00:00| Total Telecom industry news
Sweden-based Tele2 says it will seek to obtain frequencies in 1800-MHz band.
Tele2 taps Jasper Wireless M2M platform
2013-12-04 01:00:00| Total Telecom industry news
Swedish operator already deploying platform in an unspecified number of customer projects.
Tags: wireless
platform
jasper
taps
Tele2 to Weigh Sale of Dutch Fixed Lines as Decline Accelerates
2013-11-21 07:09:36| Appliances - Topix.net
Tele2 AB, the wireless carrier building a fourth-generation network in the Netherlands, may consider selling its older fixed-line network in the country after customer declines accelerated.
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