Support The Moscow Times!

MegaFon to Buy Synterra

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)


… we have a small favor to ask.

As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just 2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Continue

Read more