After more than 40 years of operation, DTVE is closing its doors and our website will no longer be updated daily. Thank you for all of your support.
Rostelecom completes NTC acquisition
By
Rostelecom has completed its acquisition of a 28.2% stake in Russian cable operator NTC, taking it to 100% ownership of the company.
Rostelecom began the consolidation of NTC in February last year by acquiring a 71.8% stake. NTC reportedly turned in revenues of RUB10.8 billion (€280 million) last year, up 14%, while OIBDA was RUB4.4 billion, up 27%. The company had 195,000 digital pay TV subscribers, up 59%, and 530,000 broadband subscribers, up 39%.
The merger with Rostelecom is expected to generate synergies of RUB2 billion by 2015.
1 min read
