OREANDA-NEWS. January 15, 2010. Uralsvyazinform signed an agreement on the acquisition of a 100% stake in the charter capital of South-Urals Telephone Company.

The Board of Directors of Uralsvyazinform approved the terms of the agreement on December 10, 2009.  The Federal Anti-Monopoly Service approved on December 15, 2009 an application filed by Uralsvyazinform on the acquisition of a 100% stake in the charter capital of South-Urals Telephone Company.

South-Urals Telephone Company (SUTC) was incorporated in 1996.  “The company is a provider of telecommunications services, such as fixed-line telephony, Internet access (telematic services), channel leasing, etc. in the cities of Chelyabinsk, Magnitogorsk and Yuzhnouralsk.  The company has a subscriber base of 20,500 fixed-line telephony and some 2,500 broadband Internet users. 

As the deputy general director and commercial director of Uralsvyazinform Pavel Zaitsev said earlier: “For Uralsvyazinform this transaction is interesting from the standpoint of focused enlargement of the company’s positions on the telecommunications market in large cities in the Chelyabinsk region. SUTC has a well established subscriber base, which includes the corporate segment.  The company has the chance to further expand the number of its Internet broadband users, and this particular solution is now the most rapidly growing service on the telecom market”.