Companies / Russia
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Change Of Plan For SMARTS Sale
January 2008 | Company News AlertSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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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.