Russian Mobile-Phone Rivals Team Up to Share 4G Expense

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Russia’s three largest mobile-phone companies, OAO MegaFon, OAO Mobile TeleSystems and OAO VimpelCom, agreed to work together to develop a nationwide fourth-generation broadband network.

The three companies, plus long-distance operator OAO Rostelecom will share the wireless 4G network being built by Moscow-based Yota, Communications Minister Igor Shchegolev said today.