Rostelecom acquires Sibitex, an independent internet provider in Tyumen
January 10, 2017, Moscow – Rostelecom PJSC (MOEX: RTKM, RTKMP; OTCQX: ROSYY), Russia’s national telecommunications operator, today announces that it has completed the acquisition of 100% of Sibitex, one of two leading independent internet and telephone providers in Tyumen. It was bought by Bashinformsvyaz - a subsidiary of Rostelecom.
Sibitex provides access to internet, telephone and TV services for legal entities and individuals but historically has specialised in providing services to corporate clients. Currently Sibitex has around 7500 users; of these around 800 are corporate clients.
“The acquisition of Sibitex is part of our business development strategy for the B2B segment. This deal will strengthen Rostelecomís position in the internet access market in Tyumen, providing opportunities to realise a number of synergies relating to the upselling of convergent services and the optimisation of operational costs.”