TTK acquires ElectroCom

Russian service provider TransTeleCom (TTK) has acquired regional broadband network provider ElectroCom.

The acquisition will give TTK a 44% share in the broadband market in the Ryazan region and a 37% stake in the Rostov region, and make it the largest service provider in Taganrog, Volgodonsk and Kaluga, as well as an entry into the broadband market in Tula, Krasnodar, Bryansk and Obninsk.

The deal is the largest ever for TTK, which operates a fibre network linked to the country’s railway system. There has been speculation that the company agreed to acquire ElectroCom for as much as RUB2.35 billion (€60 million). ElectroCom offers services under the brand name Iskra.