Polymetal’s Billionaire Owners Acquire Telecom Operator in Peru
Stock Chart for Polymetal JSC (PMTL)
Mamut’s investment vehicle A&NN and the Nesis-led ICT Group acquired 88 percent of Lima-based Yota Del Peru, Igor Litvak, director of investments at ICT, said by phone from Moscow today.
The new owners will invest more than $100 million to obtain 300,000 subscribers by 2015, according to an e-mailed statement that didn’t disclose the deal’s terms. ICT Group owns broadband internet providers in Italy and Bangladesh, Litvak said.
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