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ER-Telecom and Rostec acquire controlling share in Moscow telco

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AKADO is the dominant operator in the Moscow region and the new partnership will develop a digital platform for new services

ER-Telecom announced that it and operator Rostec acquired 75%-1 share of AKADO Holding from shareholders. The 25%+ 1 stake will remain with AVK Investments.

AKADO Telecom is the largest independent telecoms operator in Moscow, serving corporate, private and government clients on its own fiber infrastructure, as well as offering digital TV and film services, data transmission, building corporate networks, information protection, video surveillance, website hosting, plus storage and data processing at its own data centre.

ER-Telecom, Rostec and AVK Investments say their partnership will enable them to develop digital technologies based on the telecom operator AKADO's infrastructure. JSC ER-Telecom Holding's role is to expand the product portfolio of AKADO Telecom integrating services for all business segments.

Consumer, business and public sectors

The partners intend to create a platform for the development of digital technologies, including 5G wireless communications, the IoT, smart city systems, video analytics, data centres and more, and to promote new telecoms solutions for private users, corporate clients and the public sector.

Sergey Chemezov, who leads Rostec, said, “This is an alliance of strong players, in which the competencies of our companies have synergies. This set-up opens new opportunities for the creation and implementation of domestic technological solutions in various fields: from internet services for the mass consumer to building a large-scale ICT infrastructure for private, municipal and government organisations."

He added, "For Rostec, as a developer and manufacturer of IT and telecom equipment, this is a promising project".