MegaFon announced the purchase of shares in "Euroset"

As we have mentioned, the operator VimpelCom increased its stake in "Euroset" to 50%, and now OJSC "MegaFon" has announced the completion of the December 6, 2012 the acquisition of 25% indirect interest in the company "Euroset", the owner of Russia's largest network of salons provider. As part of the transaction, Lefbord Investments Limited, which is owned on a parity basis of OJSC "MegaFon" and Garsdale Services Investment Ltd., Acquired a 50% stake in Euroset Holding NV, the owner of Russian retail chain, for 1.07 billion U.S. dollars, excluding possible additional payments amount of up to U.S. $ 100 million as a result of the "Euroset" for the first half of 2013. Thus, the cost of business "Euroset" is estimated at U.S. $ 2.3 billion (including net debt). In addition, it is expected that within a year after closing, MegaFon will purchase from Garsdale remaining 50% stake Lefbord and thus take control over 50% of the share capital Euroset Holding NV The remaining share of 50% of the share capital Euroset Holding NV is owned by JSC "VimpelCom . " MegaFon believes that the acquisition of a share in the largest Russian mobile retailer will increase the quality of attracting subscribers and reduce churn, as well as benefit from it to more widely promote products through salons MegaFon "Euroset". The operator, in particular, I am sure that it will receive significant benefits from synergies associated with the sale of phones as "Euroset" is the market leader in Russia.