Support The Moscow Times!

Mobiles Mull Tower Venture

MTS and VimpelCom are discussing setting up a joint venture to operate antenna towers in a bid to share the costs of running phone networks in the country.

Sharing networks and towers has been a key strategy for reducing telecom capital expenditures globally as operators seek to lower expenses and preserve cash during downturns.

Discussions about a new company, which could resemble U.S. tower firm American Tower Corp. or London-based Eaton Towers, are at an early stage, said Valeria Kuzmenko, a spokeswoman for MTS.

"There are no finalized agreements," she said, adding that the companies involved had yet to agree on the potential savings.

VimpelCom said the new entity would be in charge of building new towers as well as servicing existing ones.

(Reuters)

Related articles:

Read more

We need your help now more than ever.

Independent media outlets and journalists in Russia are being increasingly targeted with “foreign agent” and “undesirable” labels, threatening the existence of the free press day by day.

Your donation to The Moscow Times directly supports the last independent English-language news source within Russia.