Home  Issuers' Corner  Press Releases
CLOSE

Press Releases

company search
all press releases
all Sistema JSFC press releases

Sistema JSFC

December 29, 2005

Sistema merges multimedia business into Comstar UTS

Moscow, Russia - December 29, 2005 - Sistema (LSE: SSA), the largest private sector consumer services company in Russia and the CIS, announced today the merger of Sistema Multimedia, its digital content production and aggregation business, and MTU-Intel, the ISP arm of Comstar UTS. Comstar UTS now owns 51.82% of the merged entity, Sistema Mass Media owns 48.135% and Sistema Inventure owns the remaining 0.045%.

Post-merger, the business will continue to operate under the name of MTU-Intel. The merger will allow the company to better integrate its ADSL data and content offerings under Stream and Stream TV brands, thus enabling Comstar UTS to continue pioneering the triple-play concept in the Russian market.

 

 

 

Search by industry

Chemicals | Engineering | Ferrous Metals | Financial, Insurance & Real Estate | Food & Kindred Products | General Construction | Information Technology | Media & Publishing | Non-Ferrous Metals | Oil & Gas | Pharmaceuticals | Power Industry | Precious Metals and Diamonds | Telecommunications | Transportation | Wholesale & Retail Trade

Search by alpha index

A B C D F G I K L M N O P R S T U V W X Z



Site Map
© RUSTOCKS.com
Privacy Statement | Disclaimer