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Printed from: http://petersburgcity.com/news/business/2011/03/04/Yota_040311/
Business news, 04.03.2011 02:29

Yota to be divided

Yota

Yota brand, owned by Skartel mobile-operator will be divided between "the Big Three" MTS, MegaFon and VimpelCom Russian mobile operators.
In addition, it is known that Rostelecom, state-owned company may take part in the shareholders' agreement. Also the main interest for Yota is an ability to create a united company of mobile communication network of the fourth generation.
"Yota launched in June 2009, at first in Moscow and St. Petersburg before spreading to three other cities around Russia. Within five months, it had broken even. Last year, it reported revenue of $125 million", according to Global post.

News source: Guarant-InfoCentre

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