The Russian cable operator ER Telecom has said it will appeal against a decision by the arbitration court in the Yaroslavl region over its acquisition of the operator YaTS.
Comnews reports that the court dismissed a claim by ER Telecom against the regional office of the Federal Antimonopoly Service (FAS) declaring the sale of YaTS illegal.
ER Telecom was one of two bidders in an auction for YaTS in February this year.
Although it won and the deal received the approval of FAS before being closed in March, FAS changed its mind following a protest from the deputy of the Yaroslavl regional duma, who claimed that YaTS was sold for much less than its market value.
YaTS is the leading pay-TV operator in Yaroslavl, providing services to around 70% of the city’s households.
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