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Golden Telecom sold its stake in MCT
30 июля 2007 |
Golden Telecom’s investment in MCT had a carrying value of zero in its books and consequently the received amount is expected to be reflected in profit (before taxes) in the 3rd quarter.
Commenting on this Jean-Pierre Vandromme, CEO of Golden Telecom, noted: “Holding a minority stake in MCT was not part of our strategy. Without operational control over its business we could not align their strategy with ours. The proceeds from the sale of our stake in MCT will be used for the financing of our further M&A activities and roll out of FTTB networks in the regions of Russia. Golden Telecom has attained a strong momentum and additional funds will help to facilitate our continued growth”.
30.07.2007
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