23.05.2012

Auction House of the Russian Federation sells 26% of shares in Mosteleset

On 23 May the Auction House of the Russian Federation held an auction for the sale of Moscow’s share in Mosteleset. The sale took place by order of the Moscow city property department.

26% of shares in Mosteleset were sold for 1.8 billion rubles. The winner of the auction was Natsionalnye telekommunikatsii There were three bidders for the lot.

Natsionalnye telekommunikatsii acquired 26% of ordinary registered uncertified shares in Mosteleset for 1.8 billion rubles, increasing the share of its ownership to 100%.

Mosteleset was founded in 2005 by the Moscow city government. The company’s activity is connected with services in the telecommunications sphere and managing affiliated companies. Mosteleset is the single shareholder of the largest Moscow operator of cable television, Mostelekom.

In 2011 to early 2012, including today’s auction, the Auction House of the Russian Federation has realize Moscow property of a sum of over 9 billion rubles.