Deals
Scartel Owners Want $1 Billion for the Company, Vedomosti Says
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The owners of Moscow-based Scartel LLC, which provides 4G service under the brand Yota, valued the company for as much as $1 billion for the possible sale to Russia’s three largest mobile-phone operators and OAO Rostelecom, Vedomosti reported today, citing unidentified people familiar with the talks.
OAO MegaFon, OAO Mobile TeleSystems, OAO VimpelCom and long-distance operator Rostelecom agreed to work together to develop a nationwide fourth-generation broadband network in March, according to the report.