Transtelecom getting more connected

According to Kommersant on 13 February 2012 in an article entitled Transtelecom connecting with SPARK, the telecoms operator owned by Russian Railways is acquiring regional Internet provider Electro-com, which offers services under the SPARK brand for an estimated RUB 2.35 billion.

Analysts believe that the price is excessive, equivalent to an EV/EBITDA multiple of over eight.

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