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.
The contract to be entered into as a result of the proceedings will be to optimize the revenue from the tax on commercial Tascom
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.