MGTS bought a 100% interest in Tascom from Bester Investments Limited, related funds and other private investors.
In addition, MGTS has taken on net debt of Tascom for USD9.7m.
A spokesperson for Tascom confirmed to Vedomosti that MTS was discussing the transaction with the firma[euro](tm)s shareholders.
If the mobile operator acquires Tascom, it will become the biggest telecommunications services provider for the Moscow city government as it already owns Moscow City Telephone Co (MGTS), the daily said.Country: , RussiaSector: TelecommunicationsTarget: Tascom JSCBuyer: Mobile TeleSystems OJSC (MTS)Type: Corporate acquisitionStatus: Talks
- RUSSIAa[euro](tm)S MTS TURNS TO FAS FOR APPROVAL TO BUY TASCOM
Bester Investments also owns Moscow-based telecomms operator Tascom
, bought in 2004, which it plans to merge with Gars Telecom in the future, the paper said.