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Russia's Rostelecom Acquires Sibitex

Russia's Rostelecom Acquires Sibitex Image Credit: Rostelecom

Rostelecom, one of the largest national telecommunications operators in Russia and Europe has completed the acquisition of 100% of Sibitex, one of two leading independent internet and telephone providers in Tyumen. It was bought by Bashinformsvyaz - a subsidiary of Rostelecom.

Rostelecom is a leader of the broadband and pay-TV markets in Russia with over 12.2 million fixed-line broadband subscribers and over 9.2 million pay-TV subscribers, over 4.0 million of which are subscribed to Rostelecom's IPTV services.

Sibitex provides access to internet, telephone and TV services for legal entities and individuals but historically has specialised in providing services to corporate clients. Currently Sibitex has around 7500 users; of these around 800 are corporate clients.

Maria Florentieva, SVP, Rostelecom
The acquisition of Sibitex is part of our business development strategy for the B2B segment. This deal will strengthen Rostelecom’s position in the internet access market in Tyumen, providing opportunities to realise a number of synergies relating to the upselling of convergent services and the optimisation of operational costs.

Author

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

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