Vympelcom is to buy Primorsky regions NTC for $420m | Volga, Telecoms, media MarchmontNews.com

Far East | Telecoms, media

Vympelcom is to buy Primorsky regionís NTC for $420m

10 Jun '11
Mobile operator Vympelcom, working under Beeline brand, has purchased 90% shares in Primorsky region telecom services provider Novaya Telefonnaya Kompaniya (New Telephone Company, NTC), Kommersant reports.

Under plans, in Q3 2011 the company is to purchase the remaining 10% shares in NTC through mandatory offer.

Vympelcom buys NTC at to the companyís estimated price of $420m, the newspaper said.

The seller is Korean group KT Corporation.