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M&A: Ufanet buys 100% of Kazan City Network

On September 1, JSC Ufanet acquired 100% of the shares in CJSC Kazgorset (Kazan City Network), Ufanet informed.

It will be recalled that in March, Ufanet applied to the Russian Federal Antimonopoly Service's department in the Republic of Tatarstan for the purchase of this asset.

The transaction value was not disclosed in the statement.
CJSC Kazgorset was established in 2011 with an authorized capital of RUB 100 thousand. The company entered the market of broadband Internet and cable TV services of Tatarstan in March 2012.

JSC Ufanet (tax number: 0278109628) provides Internet access services, cable and digital television services as well as IP telephony, fixed-line city telephony, video surveillance, IT support and outsourcing services. The company has been operating in the market of telecommunication services since 1996. Ufanet is active in: Ufa, Sterlitamak, Ishimbay, Salavat, Neftekamsk, Oktyabrsky, Orenburg, Orsk. The company's authorized capital is RUB 1.145 billion.

"AK&M", 05.09.2014


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