Federal Antimonopoly Service (FAS) of Russia granted the motion of OJSC “Volga” for the acquisition of 49% of the voting shares of CJSC “Orenburg GSM”, reported in the documents department. Thus, in conjunction with the existing 51% “Orenburg GSM” “VolgaTelecom” fully consolidated company. Remember, 49% of the shares of companies owned by OAO Orenburg “SMARTS”. Previously, “VolgaTelecom acquired a 40% stake in SMARTS another regional mobile operator CJSC” Ulyanovsk GSM “. As stated earlier in the “Volga”, after a deal to buy “Ulyanovsk GSM” is addressed to the consolidation of “Orenburg GSM”. Then, the two companies planned to connect to another subsidiary company “Volga” – CJSC Nizhegorodskaya Cellular Communications (NCC). OJSC “Volga” – the operator of wireline and wireless communications in the Kirov, Nizhny Novgorod, Orenburg, Penza, Samara, Saratov, Ulyanovsk, as well as the republics of Chuvashia, Udmurtia, Mari El and Mordovia. Total company operating in 11 regions of Volga Federal District. Installed capacity of a network of 5.2 million phone numbers. The authorized capital of the company – 1 billion 639 million rubles. It is divided into 245 million 969 thousand 590 ordinary shares and 81 million 983 thousand 404 preference shares of nominal value of EUR 5. each. The main shareholder is Svyazinvest (38% of charter capital). The company traded on the RTS and MICEX. Since 1997. Program of American Depositary Receipts the first level, which traded on the Frankfurt, Berlin stock exchanges and the OTC market of the United States. The net profit of OJSC “VolgaTelecom” under Russian accounting standards in the IV quarter of 2008. compared to III quarter of 2008. dropped by half – to 379.263 billion rubles.
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Categorized | M&As in Telecom
FAS granted the motion “VolgaTelecom” on the acquisition of 49% of the shares “Orenburg GSM”
Posted on 22 April 2009
May 4th, 2009 at 10:57 am
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