MegaFon acquired ChebNet over 630 million rubles

Operator MegaFon announced the acquisition of 100% of the companies' Internet Center "and" Svyazinform "providing services under the trademark" ChebNet. " The buyer is the "Nat Nat Holding Bay", a subsidiary of MegaFon. As director of the Volga branch of OJSC "MegaFon", Alexander Grigoriev, its acquisition ChebNet, the largest in the region wired Internet service provider, is a logical step in strengthening the position of MegaFon's broadband market. By consolidating its own fiber optic infrastructure and resources ChebNet Vodafone will offer residents a wide range of Chuvashia Internet services. The deal amounted to 630 million rubles. Volume of sales of the company in 2011 will be about 290 million rubles., EBITDA - about 150 million rubles. The operator has no debt. The company "ChebNet" serves more than 60 thousand subscribers.