MTS acquired the Moscow fixed operator services company "Task"

Telecommunications operator MTS announced that MTS Group, through its wholly owned subsidiary of OJSC "MGTS", acquired the company Bester Investments Limited, whose main shareholders are the EBRD and a number of related funds, 100% of the share capital of CJSC "Task", the Moscow operator fixed-line services, a market leader in providing telecom services to government agencies and corporate clients. deal amounted to $ 38.3 million, while after 12 months of MTS will pay the seller an additional deferred payment of $ 6.9 million, subject to a number of operating conditions. Net debt was $ 9.7 million. Company "Task" provides telecom solutions to corporate clients to provide a full range of fixed-line services, including services for virtual private networks (VPN) and corporate communication networks, the services of local, long distance and international telephone, high speed Internet access, including the technology Wi-Fi, as well as additional services such as supply of equipment, co-location. The company has developed a network access, which is based on its own fiber-optic (1,100 km in 50 cities of Moscow and Moscow region), and wireless channels - radio network pre-WiMax.