Change Of Plan For SMARTS Sale

January 2008 | Company News Alert

The Russian news agency, CNews, reports that the owners of regional Russian cellular operator Middle Volga Inter-regional Association of Radio/Telecommunication Systems (SMARTS) are considering changing the company's legal status from that of a closed joint-stock company (CJSC) to that of an open joint-stock company (OJSC). The aim, it seems, is to prevent the completion of a buy-out offer planned by minority shareholder, incumbent fixed-line operator Volga Telecom, and instead position SMARTS for a public share offering or a sale to a rival operator willing to pay more for the company.

If you would like to subscribe to Emerging Europe Telecommunications Insight and gain instant access to this article, please click here to subscribe.

If you would like to take a trial to Emerging Europe Telecommunications Insight please click on the trial link below.