MegaFon announced the purchase of the company NetByNet

Universal telecom operator MegaFon announced the acquisition of 100% of the shares of companies NetByNet. NetByNet acquisition will allow the company to enter the market of fixed broadband Internet access, digital TV and IP-telephony in Moscow, Moscow, Belgorod, Voronezh, Kursk, Lipetsk, and Orlov regions.

The deal amounted to about $ 270 million, and its structure suggests the conditions under which the amount of payments will depend on the Company's financial results in 2011.

In 2011, the company plans to increase its subscriber base to 680,000 users and achieve the revenue $ 92 million dollars. Financial advisor to the deal made by the VTB-Capital, Legal - Linklaters CIS and Lawrence Graham LLP.