Shareholders of MegaFon approved acquisition of Scartel (Yota brand) with which the company has been collaborating more than a year in LTE through the MVNO service.
The acquirer hasn’t yet decided on how exactly Scartel will be integrated into MegaFon, so some particular
networks owned by Scartel may be acquired even before the deal is closed, communicated to the media MegaFon CEO Ivan Tavrin.
As ComNews reported earlier, in the beginning of August MegaFon’s Management Board approved acquisition of 100% shares of Scartel from Garsdale Services Investments holding (controlled by tycoon Alisher Usmanov) which both companies make part of, for US $1.18 billion. Rostec and TeliaSonera also stood for this merger as a result of which MegaFon will undertake Scartel’s US $600 million indebtedness.
MegaFon will be paying for Scartel’s assets by instalment. “Half of the amount in question – US $590 million plus a 6% annual interest from the moment the deal is closed until the date of the payment will be paid one
year after the deal closure, and the remaining US $590 million plus a 6% annual interest will be paid up in two years”, said a release from MegaFon. Ivan Tavrin also mentioned that the volume of assets and
liabilities wouldn’t change compared with the fi gures as of the date of deal closure.
The acquirer hasn’t yet decided on how exactly Scartel will be integrated into MegaFon, so some particular
networks owned by Scartel may be acquired even before the deal is closed, communicated to the media MegaFon CEO Ivan Tavrin.
As ComNews reported earlier, in the beginning of August MegaFon’s Management Board approved acquisition of 100% shares of Scartel from Garsdale Services Investments holding (controlled by tycoon Alisher Usmanov) which both companies make part of, for US $1.18 billion. Rostec and TeliaSonera also stood for this merger as a result of which MegaFon will undertake Scartel’s US $600 million indebtedness.
MegaFon will be paying for Scartel’s assets by instalment. “Half of the amount in question – US $590 million plus a 6% annual interest from the moment the deal is closed until the date of the payment will be paid one
year after the deal closure, and the remaining US $590 million plus a 6% annual interest will be paid up in two years”, said a release from MegaFon. Ivan Tavrin also mentioned that the volume of assets and
liabilities wouldn’t change compared with the fi gures as of the date of deal closure.
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