Moscow City Telephone Network (MTS) to Acquire Fault Internet Service Provider
Moscow City Telephone Network and Public Joint Stock Company Rostelecom Agree on Asset Transfer
In a move that will significantly shake up the Russian telecommunications market, Moscow City Telephone Network (MTS), one of the country's largest mobile operators, has reached an agreement to acquire Fault Internet service provider from Public Joint Stock Company Rostelecom.
Acquisition to Boost MTS's Fixed-Line Business
The acquisition, which is expected to be completed in the coming months, will give MTS a significant boost in the fixed-line broadband market, where it currently has a relatively small presence. Fault is one of the leading fixed-line internet providers in Moscow, with a strong customer base and a well-developed network.
MegaFon to Sell Assets to MTS
As part of the agreement, MTS will sell some of its assets to MegaFon, another major Russian mobile operator. This includes MTS's fixed-line business in the Moscow region, which it acquired from Sistema in 2017.
Implications for the Russian Telecom Market
The MTS-Fault deal is likely to have a major impact on the Russian telecom market, which is currently dominated by Rostelecom and MegaFon. MTS's acquisition of Fault will create a more competitive landscape, and it could lead to lower prices and better services for consumers.
Conclusion
The MTS-Fault deal is a significant development in the Russian telecom market. It will give MTS a stronger foothold in the fixed-line broadband market, and it could lead to increased competition and lower prices for consumers.