Far East | Telecoms, media

Vympelcom to buy Primorsky regionís NTC from KT Corp. for $500m

30 Mar '11
Mobile operator Vympelcom, working under Beeline brand, intends to buy out Far Eastís New Telephone Company (NTC), operating in Primorsky region, for $500m, Kommersant reports.

The seller is a Korean telecom KT Corp, the newspaper said.

The deal has reportedly been approved by the Federal Antimonopoly Service.

According to Kommersant, earlier Vympelcomís main competitors Ė MTS and Megafon Ė expressed interest in buying NTC.
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Locations: Primorsky krai

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