Backed by Rostec, ER-Telecom acquires majority stake in Akado Telecom

This week sees the Russian telecoms market undertake considerable consolidation, with the dominant independent telecoms operator in Moscow, Akado, being majority purchased by rival ER-Telecom.
ER-Telecom and Rostec have reportedly created a new joint venture, ‘M-Com’, specifically for the purpose of making this acquisition…

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