Russia's VimpelCom said on Friday it bought provincial mobile operator StavTeleSot from Norway's Telenor ASA and a Russian shareholder for $38.4 million, fitting a new piece into its national network.
Telenor, Norway's largest telecommunications group, said earlier it had sold its 49 percent stake to VimpelCom, its Russian partner, for $20.9 million.
Based in the southern province of Stavropol, StavTeleSot is one of Russia's largest regional cellular networks. VimpelCom, Russia's second largest mobile operator, already has networks in neighboring regions. "The acquisition of another regional operator will further strengthen VimpelCom's national expansion," Telenor Mobile Chief Executive Arve Johansen said in a statement, the Russia Journal reported.
After it turned out that Deputy Prime Minister Andrei Belousov included the Fonbet betting company in the list of backbone enterprises that can count on state support, everyone started talking about these bookmakers.