Tele2 and Rostelecom rumoured to be in merger talks

Tele2 and Rostelecom rumoured to be in merger talks

Local reports suggest Russian operator Rostelecom is in talks with Swedish telco Tele2 to merge both Russian mobile businesses.

Rostelecom owns and operates Sky Link in its domestic market, and could exchange this and make an additional cash payment for a stake in Tele 2’s Russian business.

Another option touted could see a partnership between both operators which would create a new entity in the country, and combine all the mobile assets of Rostelecom and Tele2 Russia, including 4G licences. This would give both companies an equal 50% stake.

Both companies declined to comment on the rumour, which was published in a daily Russian newspaper, citing an unnamed source.

Tele2 has 21.6 million subscribers, and is Russia’s fourth largest operator, presently ahead of Rostelecom which has 12.9 million users.

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