MegaFon agreed to buy Synterra, a local telecoms operator, for $745 million to bolster its long-distance calling and broadband Internet access businesses, the company said Wednesday.
“The purchase of Synterra is an important step toward MegaFon’s strategy of becoming a leader in the broadband Internet access market,” MegaFon chief executive Sergei Soldatenkov said in an e-mailed statement. The price includes Synterra’s debt, the statement said.
MegaFon’s management will present the plan for integration of Synterra into its operations in late June, the company said.
(Bloomberg)