Russian corporation Sistema has approved the acquisition by mobile operator MTS of a 50.91 percent stake in Comstar, reports Telecompaper. Sistema currently owns around 50.9 percent of Comstar and 53.1 percent of MTS. Under the terms of the deal, a subsidiary of MTS will purchase Sistema’s 50.91 percent stake in fixed-line carrier Comstar for US$1.272 billion.
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