Monday, May 28, 2012

Mobile TeleSystems Buys Tascom WiFi Network for $38.3 Million

OAO Mobile TeleSystems, Russia'slargest mobile-phone operator, acquired ZAO Tascom, a MoscowWiFi network, for $38.3 million through a subsidiary, MoscowCity Telephone Network, also known as MGTS, according to an e-mailed company statement. An additional payment of $6.9 million has been delayed for12 months, MTS said. MGTS accepted $9.7 million in Tascom'sdebt, according To contact...

<A HREF="http://www.bloomberg.com/news/2012-05-28/mobile-telesystems-buys-tascom-wifi-network-for-38-3-million.html">Read More</A>

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