Transtelecom, or TTK, has purchased 100% of the shares of Electro-Com, an Internet provider working under the Spark brand, Telecom Daily reported earlier this week. The deal will reinforce TTK’s positions in the broadband Internet access markets of Rostov-on-Don, Ryazan, Taganrog, Volgodonsk, and Kaluga. It will also introduce TTK to the Tula, Krasnodar, Bryansk and Obninsk markets.
“The deal is TTK’s largest transaction ever. The number of our Internet access customers has grown by 50%,” said Shukhrat Ibragimov, TTK’s Vice President for strategic development.
Electro-Com has remained an independent operator since its foundation in Moscow in 2003. The company provides broadband Internet services to individual and corporate customers. Electro-Com’s 920-kilometer FTTB network covers 700,000 households in the above-listed cities.
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