Rostelecom Performs Due Diligence On FreshTel


News: Russian telecoms operator Rostelecom is performing due diligence on internet access technology provider FreshTel Russia (InterProject). The purchase price for the deal has not been revealed, but the deal was valued at USD200mn during negotiations with local long-distance telecoms operator TransTeleCom (TTK) in 2013. TTK had backed out of the deal, citing its intentions to not rely on FreshTel's 3.5GHz spectrum holdings and secure its own frequencies in the 2.5GHz band instead.

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Related sectors of this article: Telecoms
Geography: Russia