Tag: Merrill Lynch

Russia’s Megafon to buy 4G provider Scartel for $1.2 billion

Megafon (MFON.MM) (MFONq.L), Russia’s second-biggest mobile phone operator, is to buy next-generation service provider Scartel for $1.2 billion to extend its lead in the race to provide high-speed internet. The deal unites assets belonging to Russia’s richest man Alisher Usmanov, and boosts Megafon’s position against rivals MTS (MBT.N) and Vimpelcom […]